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ICT exports witness 2.8% increase

TechnologyICT exports witness 2.8% increase
Muhammad Faheem Anwer

ISLAMABAD: ICT export remittances of US$ 854 million have been reported by the State Bank of Pakistan (SBP) for the period July to October of FY2022-23, an increase of 2.89% in comparison to US$ 830 million reported for the same period last year.

In the month of October 2022 ICT export remittances have increased by 13.33% to US$ 221 million, when compared with ICT export remittances of US$ 195 million reported for the same period last year.

Net ICT exports of US$ 721 million have been reported by SBP, an increase of 14.44% as compared to net exports of US$ 630 million for the same period in FY2021-22.

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