IT industry's exports also record decline on annual basis - Money

IT trade’s exports additionally file decline on annual foundation – Cash

Economy By Aug 22, 2023 No Comments

Pakistan earned $2,605.340 million through the twelve months of fiscal 12 months 2022-23 by offering numerous info expertise companies to numerous international locations.

This represents a slight lower of 0.53% in comparison with US$ 2,619.100 million earned by way of the availability of companies throughout the identical interval of the monetary 12 months 2021-22, in accordance with the Bureau of Statistics report.

In line with the report, exports of pc companies elevated by 0.08% throughout July-June (2022-23) because it elevated to US$ 2,110.990 million from US$ 2,109.370 million within the earlier fiscal 12 months.

Exports of pc companies, software program consultancy companies noticed a decline of 4.36%, falling from $795.464 million to $760.780 million, whereas exports of {hardware} consultancy companies elevated by 87.97%, from $2.918 million to $5.485 million. Reached

Exports and imports of pc software program associated companies additionally elevated by 5.58 %, from $566.393 million to $598.020 million, whereas exports of restore and upkeep companies elevated from $1.446 million to $2.855 million. Arrived.

In info companies, exports of reports company companies elevated by 3.94 % from $3.448 million to $3.584 million, whereas exports of different info companies additionally elevated by 8.64 % from $1.782 million to $1.936 million. .

Exports of telecommunication companies decreased by 3.11%. Amongst telecommunication companies, exports of name heart companies elevated by 6.32% through the interval, its exports elevated from $215.557 million to $229.170 million. Whereas the exports of different telecommunication companies have decreased by 10.13% from 288.943 million {dollars} to 259.660 million {dollars}.

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