Pakistan’s technology sector reached a historic milestone in September 2025, as monthly IT exports climbed to an unprecedented $366 million. According to Topline Securities, this represents a 25 percent increase compared to the same month last year and a 9 percent rise from August, setting a new record for the country’s technology exports. The growth momentum has also lifted the 12-month rolling average to $326 million, reflecting the continued expansion of the country’s digital economy. During the first quarter of FY26, total IT exports amounted to $1.06 billion, marking a 21 percent year-on-year increase, while daily export proceeds averaged $16.64 million in September compared to $14.65 million in the previous month. The strong performance underscores the resilience of Pakistan’s IT industry and its increasing competitiveness in global markets.
Industry analysts attribute this robust growth to multiple factors, including policy support from the State Bank of Pakistan (SBP) and the expanding global footprint of Pakistani IT firms, particularly in the GCC region. SBP’s decision to relax the permissible retention limit in Exporters’ Specialized Foreign Currency Accounts from 35 percent to 50 percent has played a critical role in strengthening exporters’ financial flexibility. This change has allowed companies to better manage their foreign inflows and reinvest earnings more strategically. Additionally, exporters have been permitted to make equity investments abroad using funds retained in these accounts, which has helped diversify their international operations. The relative stability of the Pakistani rupee has also encouraged exporters to repatriate a higher portion of their profits, further contributing to the record-breaking export numbers.
A recent survey by Pakistan Software Houses Association (PASHA) revealed that around 62 percent of IT companies are maintaining specialized foreign currency accounts, signaling increasing confidence in the country’s financial framework for the technology sector. Experts believe that SBP’s introduction of the Equity Investment Abroad facility—allowing IT exporters to acquire stakes in overseas entities using up to 50 percent of their foreign currency proceeds—will further strengthen trust among exporters and sustain the momentum in remittances. Net IT exports, calculated as exports minus imports, rose to $330 million in September, showing a 29 percent year-on-year jump and an 8 percent rise from August. This performance also surpassed the 12-month average of $286 million, indicating steady sectoral progress driven by both private enterprise and regulatory reform.
The government has set an ambitious goal of achieving $5 billion in IT exports for FY26 and aims to reach $10 billion by FY29 under the ‘Uraan Pakistan’ national economic plan. Meeting this target will require a compound annual growth rate of around 27 percent over the next four years, but industry leaders remain optimistic given the current trajectory. Systems Limited has been highlighted by Topline Securities as a preferred stock within the sector, currently trading at an estimated 2025 price-to-earnings ratio of 21.6 times and a projected 16.1 times for 2026. With continued policy support, improved infrastructure, and growing international demand, Pakistan’s IT industry is positioned to maintain its upward path and play a defining role in the country’s export-led growth strategy.
Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.
