ICT export remittances jump by 29% to $1.9bn in 9MFY22

April 25, 2022 (MLN): ICT Export Remittances including Telecommunication, Computer and Information Services for the period July 2021 to March 2022, have surged to $1.948 billion at a growth rate of 29.26 % in comparison to $1.507 billion during the same period in FY 2020-21.

According to the Ministry of Information Technology and Telecommunication data, in March 2022, the ICT export remittances are $259 million at a growth rate of 23.92% when compared to $209 million reported for the month of March 2021. Also, $58 million is higher than export remittances of $201 million during the previous month of February 2022.

The net exports for the period July 2021 to March 2022 during FY2021-22 are $1.472 billion which is 75.56% of $1.948 billion in exports. Last year, for the same period the net exports were $1.126 billion which was 74.72% of $1.507 billion in exports.

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