Pakistan Earns $1051 Million From IT Services' Export In 5 Months
Daniyal Sohail Published January 18, 2022 | 01:51 PM
Pakistan earned US $1051.050 million by providing different Information Technology (IT) services in various countries during the first five months of financial year 2021-22
ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Jan, 2022 ) :Pakistan earned US $1051.050 million by providing different Information Technology (IT) services in various countries during the first five months of financial year 2021-22.
This shows growth of 37.55 percent as compared to US $764.100 million earned through provision of services during the corresponding period of fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported.
During July-November (2021-22), the export of computer services grew by 39.39 percent as it surged from US $593.170 million last fiscal year to US $826.800 million this year.
Among the computer services, the exports of software consultancy services witnessed increase of 47.92 percent, from US $200.272 million to US $296.246 million while the exports of hardware consultancy services also rose by 256.52 percent from, US $0.276 million to US $0.984 million.
The export and import of computer software related services also rose by 48.73 percent, from US $142.543 million to US $212.008 million whereas the exports of repair and maintenance services surge to $0.506 million from $0.198 million.
In addition, the exports of other computer services increased by 26.88 percent going up from US$ 249.881 million to US $317.056 million.
Meanwhile, the export of information services during the period under review increased by 83.45 percent by going up from US $1.450 million to US $2.660 million.
Among the information services, the exports of news agency services increased by 108.
67 percent, from US $ 0.796 million to US $ 1.661 million whereas the exports of other information services also increased by 52.75 percent, from US $ 0.654 million to US $ 0.999 million.
The export of telecommunication services also witnessed an increase of 30.75 percent as these went up from US $169.480 million to $221.590 million during the year under review, the data revealed.
Among the telecommunication services, the export of call centre services increased by 38.70 percent during the period as its exports increased from US $56.510 million to US $78.382 million whereas the export of other telecommunication services also increased by 26.77 percent, from US $112.970 million to US $143.208 million during the period under review, the PBS data revealed.
It is pertinent to mention here that the exports of services from the country, witnessed an increase of 22.94 percent during the first five months of current financial year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
The exports of services during July- November (2021-22) were recorded at $2720.94 million against the exports of $2213.16 million in July- November (2020-21), showing growth of 22.94 percent.
The imports also rose by 34.27 percent by growing from $3012.18 million last year to $4044.42 million during the period under review.
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Technology
-
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
1 day ago -
Pro Tips: How to Capture Stunning Portraits with the Aura Light Portrait of vivo V30 5G
3 days ago -
Itel celebrates launch of S24—a new brand identity
4 days ago -
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
5 days ago -
Take Charge, Live Free: Empower Your Life with Infinix NOTE 40 Series
7 days ago -
PTA Undertakes Consultation with All Pakistan Network Association (APNA) on Proposed Class Value Add ..
7 days ago
-
Vivo V30 5G: The Perfect Blend of Enhanced Photography and Premium Design
8 days ago -
PITB's Regional Plan 9 invites applications for its newly launched incubation centers in Rawalpindi, ..
9 days ago -
Pakistan calls for enhanced information integrity on digital platforms
9 days ago -
Infinix NOTE 40 Series vs. the Competition: Why It Stands Out
10 days ago -
"Unlock Exceptional Value: The New realme Note 50 with Extended Warranty Now Available in Pakistan!� ..
10 days ago -
Google unveils new AI chips, arm-based processor for data centers
15 days ago