Pakistan’s IT Industry Records Strong Growth in FY2024-25

Pakistan’s IT exports are off to a fantastic start in the fiscal year 2024-25, earning $286.395 million in July, a 33.84% growth from last year’s $213.980 million . This surge is largely driven by computer services, which jumped 44.14% to $248.899 million. Software consultancy services saw a remarkable 47.38% increase, reaching $86.103 million, while repair and maintenance services skyrocketed by 1302.14% to $0.490.75 million.

Key Growth Areas:

• Computer Services: Up 44.14% to $248.899 million
• Software Consultancy Services: Up 47.38% to $86.103 million
• Repair and Maintenance Services: Up 1302.14% to $0.490.75 million
• Information Services: Up 47.50% to $0.442 million

Challenges:

• Telecommunication Services: Down 9.62% to $37.053 million
• Hardware Consultancy Services: Down 30.68% to $0.350 million

This growth is attributed to supportive government policies, increased retention limits, and a stable local currency . The IT sector is expected to continue its upward trajectory, with projections reaching $3.5 billion by the end of the fiscal year .