Advertisement
Categories: News

Pakistan’s IT Exports Soar by 34.9%, Surpassing $1.2 Billion in Four Months

Advertisement

Pakistan’s IT sector achieved unprecedented growth, with exports increasing by 34.9% during the first four months of the current fiscal year, exceeding $1.2 billion, according to Minister of State for IT Shaza Fatima Khawaja.

Compared to $891 million during the same period last year, IT exports rose by over $300 million, with October 2024 showing a 38.6% increase from October 2023, jumping from $230 million to $318 million.

Shaza Fatima credited the government’s proactive initiatives, supported by the Special Investment Facilitation Council (SIFC), for fostering innovation, improving infrastructure, and boosting Pakistan’s global IT competitiveness. “All institutions, with the SIFC’s full backing, are working tirelessly to sustain this momentum,” she said.

Additionally, Pakistan’s overall exports grew by $1.29 billion in the first four months of the fiscal year. The Pakistan Bureau of Statistics reported a 13.55% year-on-year increase, with total exports crossing $10.88 billion.

Advertisement
Izaan Zubair

With a passion and curiosity for technology, Izaan is a seasoned writer with four years of experience. His expertise lies in translating complex tech updates into engaging stories. Beyond technology, Izaan keeps a finger on the pulse of worldly news, crafting exclusive narratives that inform and inspire his readers.

Recent Posts

BYD Reports Record-Breaking Revenue of RMB 777.1 billion in 2024

BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…

3 days ago

Eid in Dubai: All You Need to Know

Eid in Dubai is a time of joy, celebration, and togetherness, bringing a unique blend…

3 days ago

Bangladesh Deputy High Commission in Karachi Observes its National Day, Promotes Bilateral Ties

Bangladesh and Pakistan have been working for wider and stronger bilateral ties between the countries.…

3 days ago

Bank Alfalah introduces Pakistan’s First E-Commerce Shopping Platform AlfaMall on WhatsApp

Bank Alfalah, one of Pakistan’s leading commercial banks, has introduced AlfaMall on WhatsApp, bringing a…

3 days ago

K-Electric Reports Strong Industrial Uptake of Winter Demand Initiative

K-Electric (KE) has witnessed a positive industrial response to the Prime Minister’s Winter Demand Initiative,…

3 days ago

Karachi: Couple Killed in Tragic Hit-and-Run on Karsaz Road

Karachi witnessed yet another devastating road accident as a speeding car struck a motorcycle on…

3 days ago