Connect with us

Pakistan

Pakistan exports $1.7b in IT services in seven months.

Published

on

The Pakistan Bureau of Statistics (PBS) revealed that there has been a 12.78% increase in earnings from service provision, amounting to US $1,724.969 million, compared to the equivalent months of the previous fiscal year 2022–23.

Over the course of the reviewed months, the export of computer services experienced a growth rate of 14.09%, increasing from US $1,224.499 million in the previous year to US $1,397.051 million during the period of July–January 2023–24.

The export of software consulting services increased by 1.14%, from US $3.502 million to US $3.542 million this year. Similarly, the export of hardware consultancy services also saw a jump of 4.73%, from US $454.283 million to US $475.783 million.

The export of repair and maintenance services declined by 12.17%, from US $1.594 million to US $1.400 million. In contrast, the export and import of computer software services increased by 2.71%, from $349.635 million to $359.094 million.

During the specified period, there was a significant decrease of 19.62 percent in the export of information services, dropping from US $2.600 million to US $2.090 million.

The exports of information-related services climbed by 1.99%, from US$0.804 million to US$0.820 million. However, the exports of news agency services declined by 29.29%, from US $1.796 million to US $1.270 million.

According to the data, the export of telecommunication services grew by 7.69%, rising from US $297.870 million to US $320.780 million.

The export of call center services in the telecommunications industry increased by 18.95% during the specified period, rising from US $121.349 million to US $144.350 million. Conversely, the export of other telecommunications services experienced a slight decrease of 0.05%, dropping from US $176.521 million to US $176.430 million. This information was revealed by the PBS data.

Latest News

According to Defense Minister Khawaja Muhammad Asif, accusations made against Pakistan by Bushra Bibi, the spouse of the PTI founder, are vile and disgusting because Pakistan has historical relations to the Kingdom of Saudi Arabia.

Published

on

By

The defense minister stated at a press conference in Islamabad that the Kingdom should not be involved in politics for selfish reasons because of our historical, religious, and economic ties with Saudi Arabia.

2.8 million Pakistanis work in Saudi Arabia and send millions of dollars in remittances, he added, adding that making unfounded accusations against the country will hurt Pakistan’s economy.

According to him, Saudi Arabia has always stood by Pakistan throughout its most trying moments, and Pakistanis have a deep affection and connection to the Kingdom.

There is a breach among PTI ranks and files, and Khawaja Asif stated that we have never witnessed such a low point in politics.

Given the gravity of the accusation, the Minister said, former Army Chief Gen. Qamar Javed Bajwa should respond right away.

The Khyber Pakhtunkhwa government should fight terrorism rather than target the city, he said, adding that the PTI’s demand for a demonstration on November 24 is the third strike on the federal capital.

Continue Reading

Latest News

The Interior Ministry prohibits KP from using government machinery for PTI protests.

Published

on

By

Khyber Pakhtunkhwa is not allowed to use the resources of the Provincial Government for a party protest, according to the Interior Ministry.

On November 24, the PTI has scheduled a protest, and Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur has declared his intention to participate.

The Federal Government arrested a number of Provincial Government officials who were ordered to participate in the violent protest in Islamabad by the PTI, and confiscated vehicles used by the KP Government against the state during the previous protest in October.

However, the Jinnah Supermarket Traders Union has petitioned the Islamabad High Court to halt the PTI demonstration in the capital and deem it unlawful.

In the petition, the head of the Traders Union has asked the court to rule that the PTI protest violates fundamental human rights by preventing companies from operating and removing the public’s ability to visit stores for necessities.

The petition asked the high court to protect the capital’s workers and PTI founder from unlawful protests.

Continue Reading

Latest News

Planning Minister: The Nation Is Back on Track for Development

Published

on

By

Ahsan Iqbal, the Federal Minister for Planning and Development, asserts that the country’s youth are its future and that Pakistan has made great strides over the past 77 years, becoming the sixth nuclear state in the world today.

Speaking at a ceremony in Islamabad, Federal Minister for Planning Ahsan Iqbal stated that inconsistent policies have an impact on the development process.

According to Ahsan Iqbal, the CPEC got Pakistan on its path to growth, and the government is currently moving on with phase two of the project.

The country was in danger of defaulting, but the government has put it back on course, he said.

Continue Reading

Trending