ISLAMABAD,19th August, 2024 (WAM) – Pakistan's IT sector kicked off the fiscal year 2024-25 with impressive growth, as IT services exports surged by 32.46% in July, reaching US $297 million, the Pakistan Bureau of Statistics (PBS) reported.
According to the Associated Press of Pakistan (APP), this strong performance was fueled mainly by the computer services sector, which grew by 23.09% to hit US $230.750 million.
Within this segment, software consultancy stood out with a remarkable 24.53% increase, reaching US $77.262 million.
Although information services and certain areas within computer services saw declines, the robust growth in telecommunication services, particularly call centre services (up 49.55% to US $25.442 million) and other telecommunication services (up 113.74% to US $41.468 million), further bolstered the sector's overall positive trajectory.
These figures suggest a promising start to the fiscal year for Pakistan's IT industry, with potential for continued expansion in the global market.