Pakistan’s IT exports surge 26.8% to $298m in August

By MG News | September 18, 2024 at 03:26 PM GMT+05:00

0:00

September 18, 2024 (MLN): Pakistan's Telecommunications, Computer, and Information Services exports surged by 26.81% to $298m in August compared to exports of $235m in the same month last year.

It is worth mentioning that IT exports stand out as the largest contributor to the country's services exports, accounting for 48.06% in August.

A month-on-month comparison reveals that IT exports increased by 4.2%, rising from $286m reported in July 2024.

On a cumulative basis, IT exports clocked in at $584m, reflecting a substantial 30.07% growth compared to the first two months of the previous fiscal year.

Meanwhile, imports for the category during the review month also increased 20.59% compared to previous year and 32.26% compared to previous month.

In 2MFY25, SBP reported that the country faced $75m imports, up by 36.36% YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	131,176.40 73.64M	0.37% 489.75
ALLSHR	81,639.81 346.18M	0.41% 334.56
KSE30	40,111.55 31.92M	0.42% 166.10
KMI30	191,132.18 37.36M	0.23% 434.13
KMIALLSHR	55,131.55 169.19M	0.10% 57.39
BKTi	35,005.42 6.16M	1.26% 437.02
OGTi	28,583.18 2.85M	-0.54% -156.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,610.00	110,525.00 109,375.00	-805.00 -0.73%
BRENT CRUDE	68.43	68.89 68.37	-0.37 -0.54%
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	66.75	67.18 66.69	-0.25 -0.37%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%