IT Exports Record Highest Growth of 6 Months

According to the official twitter handle of the Ministry of IT Pakistan:

ICT export remittances, including telecommunication, computer and information services for the period July-December FY2021-22 have surged to US $1.302 billion at a growth rate of 35.77% in comparison to US $959 million during July-December FY 2020-21. pic.twitter.com/SzGjFTCfBP

— Ministry of IT & Telecom (@MoitOfficial) January 23, 2022

The net #exports for the period July-December FY2021-22 are US$ 972 million which is 74.65% of US$ 1.302 billion in exports. Last year, for the same period the net exports were US$ 681 million which was 71.01% of US$ 959 million in exports.#MOITT #DigitalPakistan

— Ministry of IT & Telecom (@MoitOfficial) January 23, 2022

The numbers come in as a breeze showing promise in the right direction for IT exports and specially potential opportunities for Pakistan’s tech industry at large. In recent years special since the COVID situation began, there has been a continuous surge in the IT sector showing how more youngsters are exploring freelance market.

Considering the massive potential for further growth, the latest taxes on telecom may be a hinderance to growth of IT sector which is one of the most growth potential sectors of Pakistan.