ISLAMABAD: Pakistan’s information technology and technology sector has reached a historic milestone, with exports surging to an all-time monthly high of $366 million in the last month.
The remarkable performance highlights the sector’s growing contribution to the country’s economy.
According to the latest data released by the State Bank of Pakistan, IT exports have witnessed a 21 percent increase on a year-on-year basis during the first quarter of the current financial year. The robust growth reflects the rising global demand for Pakistan’s IT services, software solutions, and digital innovations.
In a significant boost to the country’s external accounts, Pakistan also recorded the highest current account surplus of $110 million during the last month, a notable improvement compared to a deficit of $325 million reported during the same period last year.
This development marks the first current account surplus for the ongoing financial year, signaling positive momentum in the nation’s economic indicators.
Economic analysts have attributed this encouraging trend to increased foreign earnings from the technology sector, effective government policies, and strategic measures aimed at strengthening the balance of payments.
The surge in IT exports, combined with a current account surplus, is expected to bolster investor confidence and contribute to sustainable economic growth in the months ahead.
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