Pakistan Reaches $2.19 Billion IT Exports, Highest Ever in 10 Months

From July 2021 to April 2022, IT export remittances, which include telephones, computers, and information services, reached an all-time high of $2.198 billion, up 29 percent from $1.7 billion in fiscal 2020-21.

ICT export remittances climbed by 29% to US$249 million in April 2022, according to State Bank of Pakistan data, from US$193 million in April 2021 and US$260 million in March 2022.

Pakistani Prime Minister Shehbaz Sharif stated that the technology sector offers tremendous prospects for investment, and that the government plans to grow IT exports from US$1.5 billion to US$15 billion in the coming years.