IT & ITES export remittances increase by 21% during Jul-May FY20

By MG News | July 08, 2020 at 02:38 PM GMT+05:00

0:00

July 08, 2020 (MLN): The export remittances from the IT & ITES sector have jumped to $1.11 billion, showing a growth of 21% & fetching over a billion dollars in foreign exchange during Jul-MayFY20.

Advisor for Commerce and Investment of Pakistan, Abdul Razak Dawood has congratulated the IT industry and young entrepreneurs on this achievement on his Twitter handle and said, ‘we will continue to build on this success by extending all out support from the Ministry of Commerce, particularly our trade missions abroad.’

He further added, ‘IT and ITES is one of the top priorities of our Government and we encourage local and foreign investors in this sector. Ministry of Commerce has also introduced the first E-Commerce Policy, which will give a further boost to our IT industry.’

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,967.67 51.79M	0.22% 281.02
ALLSHR	81,571.71 279.35M	0.33% 266.46
KSE30	40,044.12 25.89M	0.25% 98.67
KMI30	191,107.43 29.81M	0.21% 409.38
KMIALLSHR	55,146.05 136.07M	0.13% 71.90
BKTi	34,881.72 4.15M	0.91% 313.33
OGTi	28,564.23 2.41M	-0.61% -175.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,570.00	110,525.00 109,570.00	-845.00 -0.77%
BRENT CRUDE	68.65	68.89 68.42	-0.15 -0.22%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.96	67.18 66.72	-0.04 -0.06%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%