Pakistan approves of its neighbour India has long been renowned throughout the world for its IT services. International businesses increasingly outsource all of their IT services to emerging nations due to lower costs and better human resources. As a result, Pakistan’s exports of IT services have significantly increased over time. Despite the severe economic downturn, the IT service export industry had a record fiscal year 2021–2022 with total revenues of almost $2,615 million.
The fact that these figures represent a 24% rise over the IT service exports of the previous year, which stayed at $2,107 million in 2021–20, is even more impressive.
The Pakistan Bureau of Statistics (PBS) released comprehensive data on the IT sector, including the revenue generated by each sub-sector, including Computer Services, IT Services, Telecom Services, and Software Services. Let’s talk about each of them as well as break them down into specific data.
