ICT export remittances jump by 29.3% to $2.2bn in 10MFY22

MG News | May 21, 2022 at 12:20 AM GMT+05:00

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May 20, 2022 (MLN): ICT Export Remittances including Telecommunication, Computer and Information Services for the period July 2021 to April 2022, have surged to $2.2billion at a growth rate of 29.29 % in comparison to $1.7 billion during the same period in FY 2020-21.

According to the Ministry of Information Technology and Telecommunication data, in April 2022, the ICT export remittances are $249 million at a growth rate of 29% when compared to $193 million reported for the month of April 2021.

However, in comparison to export remittances of $260 million in March 2022, the remittances in April 2022 are lower by $11 million.

The net exports for the period July 2021 to April 2022 during FY22 are $1.665 billion which is 75.75% of $2.198 billion in exports. Last year, for the same period the net exports were $1.274 billion which was 74.9% of $1.7 billion in ICT exports.

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