ISLAMABAD – Pakistan aims at surpassing the $3.5 billion IT exports target by December 2022, said Federal Minister of Information Technology Syed Aminul Haq.
The statement comes as the country registered a 39.26% growth in IT exports amounting to $380 million during the first four months (July-October) of the fiscal year 2021-22 as compared to $586 million in the last year.
“The net exports for the period July-October FY2021-22 are US$ 630 million which is 75.9% of US$830 million in exports. Last year, for the same period the net exports were US$ 423 million which was 70.97% of US$ 596 million in exports,” the IT ministry wrote on Twitter.
The net exports for the period July-October FY2021-22 are US$ 630 million which is 75.9% of US$830 million in exports. Last year, for the same period the net exports were US$ 423 million which was 70.97% of US$ 596 million in exports.— Ministry of IT & Telecom (@MoitOfficial) November 19, 2021
#MOITT #ITExports #SyedAminulHaque
The ministry has offered various incentives to local companies in order achieve the export target.
The government incentives to over 3,000 active information technology and information technology-enabled firms include 100 percent equity ownership along with repatriation of capital and dividends and income tax credit for exports until June 2025, Arab News reported.
Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.
On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.
Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.
UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||360||363|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price moved up down in the local market in line with massive increase in international market.
On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.
Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.
In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.
|Lahore||PKR 218,000||PKR 2,610|
|Karachi||PKR 218,000||PKR 2,610|
|Islamabad||PKR 218,000||PKR 2,610|
|Peshawar||PKR 218,000||PKR 2,610|
|Quetta||PKR 218,000||PKR 2,610|
|Sialkot||PKR 218,000||PKR 2,610|
|Attock||PKR 218,000||PKR 2,610|
|Gujranwala||PKR 218,000||PKR 2,610|
|Jehlum||PKR 218,000||PKR 2,610|
|Multan||PKR 218,000||PKR 2,610|
|Bahawalpur||PKR 218,000||PKR 2,610|
|Gujrat||PKR 218,000||PKR 2,610|
|Nawabshah||PKR 218,000||PKR 2,610|
|Chakwal||PKR 218,000||PKR 2,610|
|Hyderabad||PKR 218,000||PKR 2,610|
|Nowshehra||PKR 218,000||PKR 2,610|
|Sargodha||PKR 218,000||PKR 2,610|
|Faisalabad||PKR 218,000||PKR 2,610|
|Mirpur||PKR 218,000||PKR 2,610|