APK ISLAMABAD – During the first four months of the current fiscal year 2022–23, Pakistan made US$ 854.100 million by offering various information technology (IT) services to various nations.
According to the Pakistan Bureau of Statistics (PBS), this represents a gain of 2.92 percent when compared to the US$ 829.890 million earned through the provision of services during the comparable months of the fiscal year 2021–22.
The export of computer services increased by 5.86 percent from July to October (2022-23), going from US$ 650.090 million to US$ 688.160 million.
When it comes to computer services, software consulting exports increased by 9.65% from US$ 231.238 million to US$ 253.549 million, while hardware consulting exports increased by 12.36% from US$ 0.898 million to US$ 1.009 million.
While the exports of repair and maintenance services grew to US$ 0.443 million from US$ 0.404 million, the export and import of services connected to computer software increased by 13.58 percent, from US$ 167.475 million to US$ 190.224 million.
Additionally, there was a small 2.86 percent drop in the exports of other computer services, from $250.075 million to US$242.935 million.
During the same time, the export of information services decreased from US$ 1.750 million to US$ 1.390 million, a loss of 20.57 percent.
While other information service exports also fell, by 33.21 percent, from US$ 0548 million to US$ 0.366 million, the exports of news agency services fell by 14.81 percent, from US$ 1.202 million to US$ 1.024 million.
The data showed that during the months under examination, the export of telecommunication services decreased by 7.58 percent, falling from US$ 178.050 million to US$ 164.550 million.
The PBS data showed that the export of call centre services, which increased from US$ 59.299 million to US$ 69.637 million during the period under review, increased by 17.43% while the export of other telecommunication services decreased by 20.7%, going from US$ 118.751 million to US$ 94.913 million.
The Pakistan Bureau of Statistics (PBS) announced that, compared to the same period last year, exports increased by 3.97% during the first four months of the current fiscal year, resulting in a reduction in the services trade deficit of 38.05%.
In comparison to the exports of US$ 1619.93 million in July-September (2021-22), the exports of services during July-September (2022-23) were recorded at US$ 1694.96 million, representing an increase of 4.63 percent.
The imports of services decreased by 11.83 percent from US$3,483.37 million in the previous year to US$3,071.13 million throughout the course of the examined period.