Pakistan IT exports hit record $354 million in July, showing strong growth for the country’s technology sector. According to official data, this figure reflects a 24 percent year-on-year rise and a 5 percent month-on-month increase. The achievement also surpassed the 12-month average of $317 million, proving the steady upward momentum of Pakistan IT exports.
Experts noted that the main driver of this increase was computer services, which grew 10 percent month-on-month to $311 million. Within this category, software consultancy exports rose sharply, reaching $104 million in July compared to $96 million in June. This steady climb highlights the growing trust of international clients in Pakistan’s IT companies.
Industry analysts explained that the growth in Pakistan IT exports was supported by several policy changes. The State Bank of Pakistan raised the permissible retention limit for exporters’ specialized foreign currency accounts from 35 percent to 50 percent. This allowed companies to reinvest earnings abroad and expand their global footprint. The Equity Investment Abroad scheme also gave exporters confidence to bring more of their proceeds back into the country.
Net IT exports stood at $317 million in July, marking a 26 percent year-on-year rise and a 4 percent increase from June. With growing demand from markets such as the GCC and improved financial incentives at home, Pakistan IT exports are expected to maintain strong momentum in the coming months.
