Pakistan’s IT exports surge 38.7% to $292m in Sep

MG News | November 18, 2024 at 10:19 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 18, 2024 (MLN): Pakistan's Telecommunications, Computer, and Information Services exports surged 38.66% to $330 million in October compared to exports of $238m 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 47.9% in September.

A month-on-month comparison reveals that IT exports spiked 13.01%, rising from $292m reported in September 2024.

Meanwhile, imports for the category during the review month fell 16.22% compared to the previous year and 8.82% compared to September.

On a cumulative basis, IT exports clocked in at $1.21bn, reflecting a substantial 34.9% growth compared to the first four months of the previous fiscal year.

On the other side, SBP reported that the country faced $143m in IT imports, up by 9.16% YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	182,241.78 412.98M	0.54% 982.10
ALLSHR	110,583.67 943.78M	0.59% 653.91
KSE30	54,431.71 88.75M	0.62% 333.09
KMI30	256,914.21 109.86M	0.51% 1306.68
KMIALLSHR	71,041.31 586.34M	0.56% 392.65
BKTi	51,712.76 42.20M	1.08% 554.64
OGTi	36,659.58 6.31M	0.32% 116.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,340.00	64,540.00 64,120.00	255.00 0.40%
BRENT CRUDE	75.22	77.52 75.22	-1.08 -1.42%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-2.20 -2.04%
ROTTERDAM COAL MONTHLY	118.00	118.00 117.60	-1.20 -1.01%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	71.51	73.16 70.77	-0.57 -0.79%
SUGAR #11 WORLD	14.86	15.14 14.71	-0.26 -1.72%