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Telecom, info services exports up to $ 708.930mln in 8 months

09:45 AM | 6 May, 2019
Telecom, info services exports up to $ 708.930mln in 8 months
ISLAMABAD - Pakistan's exports of telecommunication, computer and information services have increased to US $ 708.920 million, registering 2.15 per cent growth in first eight months of current fiscal year.

The earning made through these exports during the corresponding period of fiscal year 2017-18 was US $ 520.043 million, Pakistan Bureau of Statistics (PBS) reported.

According to data issued by the PBS, the telecommunication services exports were recorded at $65.596 during the current year against $61.533 million last year, showing a decline of 17.12 percent.
Among the telecommunication services exports, the exports of call center services increased by 6.6 percent.

The computer services exports have seen a growth of 11.73 per cent, rising from last year's US $ 460.440 million to US $ 514.450 million. Among this sector, the software consultancy services grew from US $ 185.402 million to US $ 235.761 million, marking an increase of 27.16 per cent.

The maintenance and repair of computer services brought US $ 4.289 million, showing growth of 298.61 per cent compared to the exports of US $ 0.918 million last year.

The services regarding import and export of computer software declined by 6.97 percent, as it was recorded at US $ 184.137 million from last year's US $ 197.939 million.

Other computer services exports have been recorded at US $ 88.098 million, marking an increase of 21.36 per cent from last year.

Furthermore, the information services exports have witnessed an increase of 74 per cent. These exports stood at US $ 1.74 million among which news agency services exports saw decrease of 21.85 per cent while the exports of other information services increased by 150.54 per cent.

On a year-on-year basis, the information, computer and information services exports witnessed a nominal increase of 0.02 per cent in February 2019, reaching US $ 80.960 million from US $ 80.940 million last year.

It is pertinent to mention here that The country’s services trade deficit narrowed by 36.54 percent during the first eight months of the current fiscal year compared to the corresponding period of last year.

The services trade deficit during July-February (2018-19) was recorded at US $ 2.303 billion against the deficit of US $ 3.630 billion during July-February (2017-18), showing decline of 36.54 percent, official data revealed.

The services’ imports into the country during the period under review decreased by 19.54 percent to US $ 5.775 billion from US $ 7.178 billion last year, according to latest data of Pakistan Bureau of Statistics (PBS).

Compare to imports, the exports of services witnessed a marginal negative growth of 2.14 percent during the period.

The services exports during the first eight months of current fiscal year were recorded at US $ 3.472 billion against the exports of US $ 3.548 billion during the same period of last year.

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Pakistani rupee remains stable against US dollar, Euro, Pound and other currencies

Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today’s currency exchange rates in Pakistan – 3 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15 287.95
Euro EUR 309.9 310.5
UK Pound Sterling GBP 359.4 360.05
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices increase in Pakistan; check out today gold rates in Pakistan - 3 December 2023  

The price of gold increased by thousands of rupees due to an upward trend in the international market.

Gold Rates in Pakistan Today - 3 December 2023

On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.

Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.

Globally, gold prices hover at around $2072, gaining $32 on Sunday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,800 PKR 2,730
Karachi PKR 219,800 PKR 2,730
Islamabad PKR 219,800 PKR 2,730
Peshawar PKR 219,800 PKR 2,730
Quetta PKR 219,800 PKR 2,730
Sialkot PKR 219,800 PKR 2,730
Attock PKR 219,800 PKR 2,730
Gujranwala PKR 219,800 PKR 2,730
Jehlum PKR 219,800 PKR 2,730
Multan PKR 219,800 PKR 2,730
Bahawalpur PKR 219,800 PKR 2,730
Gujrat PKR 219,800 PKR 2,730
Nawabshah PKR 219,800 PKR 2,730
Chakwal PKR 219,800 PKR 2,730
Hyderabad PKR 219,800 PKR 2,730
Nowshehra PKR 219,800 PKR 2,730
Sargodha PKR 219,800 PKR 2,730
Faisalabad PKR 219,800 PKR 2,730
Mirpur PKR 219,800 PKR 2,730

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