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Pakistan reveals earnings from export of IT services

09:06 PM | 20 May, 2024
Pakistan reveals earnings from export of IT services

Pakistan earned US $2.283 billion by providing various information technology (IT) services to different countries during the first nine months of the current fiscal year 2023-24.

This represents a growth of 17.40% compared to the US $1.944 billion earned during the same period of the last fiscal year 2022-23, according to the Pakistan Bureau of Statistics (PBS).

During this period, the export of computer services grew by 19.99%, increasing from US $1.567 billion last year to US $1.880 billion during July-March 2023-24.

Within the computer services sector, exports of software consultancy services rose by 7.72%, from US $572.941 million to US $617.183 million. Exports of hardware consultancy services also saw a significant increase of 22.07%, from US $4.091 million to US $4.994 million.

However, the export of repair and maintenance services decreased by 46.41%, falling from US $2.713 million to US $1.456 million. In contrast, the export of computer software services increased by 3.64%, from US $445.576 million to US $461.795 million.

Additionally, the export of information services saw a remarkable increase of 88.21%, rising from US $3.900 million to US $7.340 million.

Within the information services sector, exports of news agency services surged by 177.31%, from US $2.287 million to US $6.342 million, while exports of other information-related services decreased by 38.13%, from US $1.613 million to US $0.998 million.

The export of telecommunication services grew by 5.76%, increasing from US $373.310 million to US $394.800 million.

Within the telecommunication services sector, exports of call center services increased by 17.93%, from US $162.471 million to US $191.599 million. However, exports of other telecommunication services decreased by 3.62%, from US $210.839 million to US $203.201 million, according to PBS data.

Daily Pakistan Global Web Desk

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Today Open Market Currency Rates - Pak Rupee to US Dollar, Euro, Pound, Riyal - 24 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 24, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.7 for buying and 280.85 for selling.

Euro's buying rate stands at 294.3 and selling rate is 297.9 while British Pound rate is 352 for buying, and 355.5 for selling.

UAE Dirham AED was at 75 and Saudi Riyal at 72.85.

Currency Rates in Pakistan

Currency Symbol Buying Selling
US Dollar ‎USD 277.7 280.85
Euro EUR 294.3 297.9
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 72.85 73.6
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.98 748.98
Canadian Dollar CAD 202 204
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.15 40.55
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 908.7 917.8
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.98 172.98
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.75 731.75
Qatari Riyal ‎QAR 76.53 77.23
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.68 26.98
Swiss Franc CHF 315.21 317.71
Thai Bhat THB 7.59 7.74

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