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IT exports witness 35pc surge in first six months of 2021-22

MM News Staff by MM News Staff
January 23, 2022
Exports of goods and services were higher compared to July 2020. (Source: Reuters)

KARACHI: Federal Minister for Information Amin ul Haque has said that Pakistan’s information and communication technology (ICT) exports have witnessed an over 35 percent increase during the first half of the fiscal year 2021-22.

The IT minister said that the ICT-related exports reached US$1.3 billion during the six months from July to December 2021 against Rs959 million exports during the same period of the previous fiscal year.

“December 2021 saw a 28.72 percent increase in the ICT exports after it reached over US$251 million as compared to US$195 million exports in December 2020,” Amin ul Haque said and added that December also witnessed an increase by US$30 million from November 2021.

Read more: Pakistan among top 3 in ‘Economist Normalcy Index’: Tarin

He further shared that the share of information technology exports in the ICT sector alone stands at a whopping US$972 million, which stands upto 74.65 percent share in the total ICT exports.

“Same six months of the FY2020-21 saw IT exports of US$681 million,” the minister said.

Tags: IT
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