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Home Business & Stock

ICT, Telecom services increase by 38% in seven months

MM News Staff by MM News Staff
February 26, 2021

ISLAMABAD: The export of Information and communications technology(ICT) and Telecom services increased by 38 percent during the seven months of current year (2020-21) compared to last year.

This was stated by Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood. In a tweet, he said that the country exported these services worth $1,119 million during July-January (2020-21) as against the export of $811 million during (2019-20).

On year on year basis, these exports also rose by 26 percent, from $128 million during January 2020 to $161 million during January 2021.

These exports now constitute a third of total exports of services and the government would cross USD2 billion this year, he added.

“We are glad to share that for Jul-Jan 2021 (7 months), exports of ICT & Telecom Services grew by 38% to USD 1,119 million as compared to USD 811 million in July-Jan 2020. In Jan 2021, these exports grew by 26% to USD 161 million as compared to USD 128 million during Jan 2020.

He said the exports now constitute a third of total export of services, and therefore are of strategic importance to us. He hoped the exports would cross the $2 billion this year.

We are glad to share that for Jul-Jan 2021 (7 months), exports of ICT & Telecom Services grew by 38% to USD 1,119 million as compared to USD 811 million in July-Jan 2020. In Jan 2021, these exports grew by 26% to USD 161 million as compared to USD 128 million…1/2 pic.twitter.com/0EYvqcYXkH

— Abdul Razak Dawood (@razak_dawood) February 25, 2021

Tags: ICTservicesTelecom
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