Pakistan IT Exports Reaches 1.5 Billion in March 2021
During the first nine months of 2020-21, technology commodities valued at $1.512 billion were exported, estimating 35% of total services exports and a 44% year-over-year increase. While the tech experts believe that this increase in exports is due to growing freelancing during Covid-19, the value of the Pakistani rupee against the US dollar and divergence in legal channels inflows due to flight cancellations throughout the world have also contributed to the increase in exports. System Limited, one of the largest IT services and commodities providers were listed on Pakistan’s Stock Exchange for having all-time record annual sales of PKR 10 billion and a profit of PKR 2.1 billion. The information service exports increased by 72.22 % from $ 1.440 million to $2.480 million, during the same period. The telecommunication services exports increased by 30.67 percent during the fiscal year 2020-21 rising from $208.300 million to $272.190 million. Also Read: Pakistan Earned US$1,119 mn from IT Exports in 7 Months- PSEB
