IT Exports Surges To Stunning $310 Mln In April
Faizan Hashmi Published May 18, 2024 | 04:10 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 18th May, 2024) The ICT services export remittances surged to US$ 310 million in the month of April, 2024, an astounding increase of 62.3% in comparison to US$ 191 million in April 2023.
Minister of State for IT and Telecommunication Shaza Fatima Khawaja in a statement said that it is for the first time in the history of Pakistan that IT exports saw this outstanding increase just in one month.
ICT export remittances have surged to US$ 2.593 billion during July 2023 to April 2024 of FY2023-24 in comparison to US$ 2.135 billion reported for the same period last year.
Shaza Fatima said that the government has first priority to increase IT exports of the country, adding that this record increase in IT exports is due to relentless efforts of the Prime Minister of Pakistan.
She said that Prime Minister Shehbaz Sharif prevented the country from default in last PDM government and stabilised the economy and its positive outcomes are now coming.
She said that steps are underway for increasing IT exports.
With the robust support from Special Investment Facilitation Council (SIFC), Ministry of IT and Pakistan Software Export board are actively working to boost IT exports, she said.
In comparison to previous month of March 2024, ICT services export remittances have increased by US$ 4 million (1.31% growth) in April 2024.
ICT sector exports of US$ 2.593 billion are the highest among all Services (40.25% of total export of services) with 'Other business Services' trailing at US$ 1.308 billion.
Related Topics
Recent Stories
ICC T20 World Cup 2024: Pakistan opt to bowl first against India today
ICC T20 World Cup 2024: Rain delays Pakistan-India match today
ICC T20 World Cup 2024: Azam Khan dropped out of match between Pakistan and Indi ..
ICC T20 World Cup 2024: Pakistan, India to lock horns today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 9 June 2024
Today Gold Rate in Pakistan 09 June 2024
Americans oblivious to US historic World Cup win, while Pakistan mourns: NYT com ..
ECP resorts to provincial officers as judicial request stalls: Spokesperson
Meeting discuss preparations for monsoon season
Hameed Haroon awarded for contributions to art, design, media & cultural
Police arrests impostor posing as cop in Hazro
ICC T20 World Cup 2024: Australia lose two wickets for 70 runs against England
More Stories From Pakistan
-
4 killed in jeep accident in Neelam Valley
5 minutes ago -
City’s oldest Margalla College revitalizes its facilities
25 minutes ago -
PM grieved over shahadat of security personnel in Lakki Marwat
25 minutes ago -
1000 Policemen deployed T-20 cricket match live screening security
45 minutes ago -
2-day TDAP expo of handicrafts, bangles concludes
45 minutes ago -
Customs Dept seizes smuggled goods worth Rs 499 mln
55 minutes ago
-
Hyderabad receives pre monsoon showers
55 minutes ago -
PPP local leadership lodges on-line complaint with FIA against insults to Zulfikar Ali Bhutto
55 minutes ago -
Education Ministry announces to hold Summer Camps for students of ICT
1 hour ago -
Accident claims 16 lives in Neelum Valley AJK
1 hour ago -
PCP celebrates World Club Foot Day
1 hour ago -
Pakistan Pavilion at ISB int’l festival attracts visitors
1 hour ago