ISLAMABAD, Jul 19 (APP):The Information and Communication Technology (ICT) export remittances surged to $3.223 billion during the Financial Year 2023-24 (July 2023 to June 2024), compared to $2.596 billion reported during the previous fiscal year, FY 2022-23.
In June 2024 alone, ICT services export remittances reached $298 million, representing a significant increase of 32.44% compared to $225 million in June 2023.
Minister of State for IT and Telecommunication Shaza Fatima in a statement said that steps for an increase in IT exports are underway.
She said that this increase in IT exports is the direct result of Prime Minister Shabaz Sharif’s vision, his relentless efforts and the priority given to the IT sector.
She said that IT exports are increasing owing to the government’s initiatives for ease of doing business.
Shaza Fatima said the robust support from the Special Investment Facilitation Council (SIFC), the Ministry of IT, the Pakistan Software Export Board, and the IT industry is committed to boosting the country’s IT exports.
ICT sector exports of US$ 3.223 billion are the highest among all Services (41.29% of total export of services) with ‘Other Business Services’ trailing at US$ 1.550 billion.
