AIRLINK 59.74 Decreased By ▼ -0.46 (-0.76%)
BOP 6.27 Increased By ▲ 0.02 (0.32%)
CNERGY 4.39 Increased By ▲ 0.33 (8.13%)
DFML 15.91 Increased By ▲ 0.16 (1.02%)
DGKC 71.25 Increased By ▲ 3.00 (4.4%)
FCCL 18.44 Increased By ▲ 0.82 (4.65%)
FFBL 26.10 Increased By ▲ 0.60 (2.35%)
FFL 9.15 Increased By ▲ 0.06 (0.66%)
GGL 10.33 Increased By ▲ 0.48 (4.87%)
HBL 114.80 Decreased By ▼ -0.20 (-0.17%)
HUBC 111.86 Decreased By ▼ -0.14 (-0.13%)
HUMNL 6.65 Increased By ▲ 0.10 (1.53%)
KEL 4.79 Increased By ▲ 0.26 (5.74%)
KOSM 4.68 Increased By ▲ 0.16 (3.54%)
MLCF 38.89 Increased By ▲ 0.99 (2.61%)
OGDC 123.17 Increased By ▲ 2.62 (2.17%)
PAEL 21.92 Increased By ▲ 0.17 (0.78%)
PIAA 10.95 Increased By ▲ 0.05 (0.46%)
PIBTL 5.99 Decreased By ▼ -0.03 (-0.5%)
PPL 108.34 Increased By ▲ 1.54 (1.44%)
PRL 28.12 Increased By ▲ 0.77 (2.82%)
PTC 11.07 Increased By ▲ 0.52 (4.93%)
SEARL 51.55 Decreased By ▼ -0.45 (-0.87%)
SNGP 67.81 Increased By ▲ 0.91 (1.36%)
SSGC 11.56 Increased By ▲ 0.03 (0.26%)
TELE 8.07 Increased By ▲ 1.02 (14.47%)
TPLP 11.72 Increased By ▲ 0.16 (1.38%)
TRG 75.71 Decreased By ▼ -5.04 (-6.24%)
UNITY 22.75 Increased By ▲ 1.60 (7.57%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 6,545 Increased By 61.1 (0.94%)
BR30 22,298 Increased By 199.8 (0.9%)
KSE100 63,703 Increased By 484.4 (0.77%)
KSE30 21,508 Increased By 202.1 (0.95%)

ISLAMABAD: ICT export remittances including telecommunication, computer and information services during the first nine months of the current fiscal year 2021-22 surged to $1.948 billion at a growth rate of 29.26 percent in comparison to $1.507 billion during the same period in the fiscal year 2020-21.

According to the Ministry of Information Technology and Telecommunication data, in March 2022, the ICT export remittances stood at $259 million at a growth rate of 23.92 percent when compared to $209 million reported for the month of March 2021. Also, $58 million is higher than export remittances of $ 201 million during the previous month of February 2022.

The net exports for the period July 2021 to March 2022 during the fiscal year 2021-22 are $1.472 billion which is 75.56 percent of $1.948 billion in exports.

Last year, for the same period the net exports were $1.126 billion which was 74.72 percent of US$ 1.507 billion in exports.

Jul 2021 to Jan 2022: ICT export remittances surge to $1.487bn

Federal Minister for IT and Telecommunication Syed Aminul Haq has directed the PSEB to take every possible step for achieving the target of IT exports remittances. He said under the “Digital Pakistan”, vision it was vital to take forward all the matters related to information technology and connect the youth especially students to the digital world.

The Ministry of Information Technology and Telecommunication has set a target of $3.5 billion for the current fiscal year.

Copyright Business Recorder, 2022

Comments

Comments are closed.