Pakistan’s IT Exports Surge to $1.2 Billion in Four Months
- IT exports reached $1.2 billion in the first four months of the fiscal year (July-October).
- October IT exports increased by 13% to $330 million, a 13% increase from September.
- The IT sector has consistently exported services worth an average of $290 million monthly.
ISLAMABAD – Pakistan’s IT exports have reached $1.2 billion during the first four months of the current fiscal year (July-October), as the federal government continues efforts to maximize the potential of the technology sector.
According to the State Bank of Pakistan, IT exports in October amounted to $330 million, marking a 13% increase compared to September. Over the past year, the IT sector has consistently exported services worth an average of $290 million monthly. This growth has enabled Pakistani IT companies to expand their global client base.
In a related development, Qatar’s Ambassador to Pakistan, Ali Mubarak Ali Essa Al-Khater, met with Minister of State for IT and Telecommunication, Shaza Fatima Khawaja, to discuss mutual cooperation in IT and telecommunication. Topics included startups, cybersecurity, and strengthening ties in technology.
Minister Shaza Fatima emphasized the strong relations between Pakistan and Qatar, expressing a desire for enhanced collaboration in IT, telecommunication, and cybersecurity. She highlighted the importance of signing Memorandums of Understanding (MoUs) between institutions from both nations to foster joint ventures.
The minister also called for facilitating Pakistani IT companies in acquiring visas and market access in Qatar. She proposed initiatives such as student exchanges and startup collaborations to further strengthen bilateral relations.
Ambassador Al-Khater assured full cooperation from Qatar, reaffirming their commitment to work closely with Pakistan in the IT and telecommunication sectors.
