Pakistan’s IT exports recorded a historic 34.9% growth during the first four months of the current financial year, exceeding $1.2 billion, according to Minister of State for IT Shaza Fatima Khawaja.
Comparing the figures to the same period last year, she said that IT exports stood at $891 million, marking an increase of over $300 million in October this year.
This upward trend in October 2024 reflected a 38.6% rise compared to October 2023, when exports were valued at $230 million.
The state minister maintained that the government’s proactive measures to promote the IT sector were underway. She highlighted ongoing efforts supported by the Special Investment Facilitation Council (SIFC) to foster innovation, improve infrastructure, and enhance global competitiveness.
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“All institutions are working diligently with full support from the SIFC to sustain this momentum and further expand Pakistan’s footprint in the global IT market,” Shaza Fatima stated.
Meanwhile, Pakistan’s overall exports witnessed a significant increase of $1.29 billion during the first four months of the fiscal year. According to the Pakistan Bureau of Statistics, from July to October, the exports represented a growth of 13.55% compared to the same period last year, crossed the $10.88 billion mark.
