Pakistan’s IT Export Growth Reaches 24%, Driving $2.4B Surplus
Pakistan’s IT exports rose by 24%, reaching approximately $3.2 billion in FY2023–24—up from $2.59 billion the previous year—including a surplus of around $2.4 billion from ICT services .
2. Monthly Milestones
- February 2025: $305 million in IT exports, up 19% YoY—the 17th month straight growth .
- First 7 months FY2024–25: Exports topped $2.18 billion (+27% YoY) .
- December 2024: Highest-ever monthly exports—$348 million (+15% YoY) .
3. Drivers Behind the Surge
Several key factors fuel this momentum:
- Global client base expansion, especially in GCC markets.
- Policy support: SBP relaxed retention limits (from 35% to 50%) and allowed equity investment abroad .
- Currency stability, encouraging more foreign earnings to be remitted back .
4. Challenges & Opportunities
Despite success, hurdles remain:
- Internet disruptions and poor bandwidth hamper freelancers and companies alike .
- Loss of tax breaks, switching from holiday to credit schemes.
- Talent gap & infrastructure, as noted by economists urging training and export financing .
5. Looking Ahead
- The government targets $25 billion in IT exports within five years .
- Under strong policy support (via PSEB), the industry is poised for continued growth .
🔍 Conclusion
Pakistan’s IT sector is proving itself a pillar of economic resilience, with robust export growth and a substantial trade surplus. However, addressing infrastructure, policy, and talent challenges will be vital to sustain momentum and reach ambitious targets.
