Pakistan’s IT exports hit nine-month high at $435 million

Published

3 weeks ago

October 17, 2026

Bilal

Pakistan’s information technology (IT) exports reached $435 million in September 2026, a 19% year-on-year increase and the largest in nine months, the State Bank of Pakistan (SBP) said.

IT export profits increased 10 percent in September from a month earlier, the central bank said, as the country’s technology services industry continued to thrive.

IT exports was at $1.25 billion in the first quarter of this fiscal year, July to September.

The SBP data also revealed that the country’s yearly IT export revenues climbed by 20 percent in the last year to $4.8 billion from $4 billion.

Govt targets $10 bn exports

The government has set a target to expand IT exports to $10 billion by the end of the fiscal year 2028-29 under its Uraan Pakistan strategy.

This aim can be achieved through ongoing expansion of Pakistan’s digital economy, improved foreign market access and sustained growth in technology services.

NEPRA increases electricity price by Rs2.36 per unit

Published

1 hour ago

November 7, 2026

Bilal

The National Electric Power Regulatory Authority (NEPRA) has increased the electricity tariff by Rs 2.36 per unit under the Monthly Fuel Charge Adjustment (FCA), increasing the financial burden on electricity consumers.

According to NEPRA’s notification, the price increase has been made due to fuel cost adjustment in September 2026. The adjustment reflects the difference between the actual cost of fuel used to generate electricity and the previously determined baseline fuel cost.

As per the decision, electricity consumers will be charged an additional fee of Rs 2.3673 per unit on their bills as per the applicable FCA mechanism. The adjustment will be reflected in energy bills for November 2026.

Business

Pakistan’s trade deficit rises 16pc to 14.6 billion dollars in four months

Published

1 hour ago

November 7, 2026

Bilal

Pakistan’s trade deficit increased by about 16% to $14.6 billion in the first four months of the current fiscal year (July-October) compared to $12.6 billion in the same period last year.

According to a document released by Pakistan Bureau of Statistics (PBS), the trade deficit in October 2026 also expanded by 19.7% compared to the same month last year. On a monthly basis, it increased by 10.3% compared to September.

According to the data, Pakistan’s exports increased by 2.2% in October compared to the same month last year, while imports increased by about 12%. In October, the country’s total exports amounted to $2.93 billion and imports amounted to $6.8 billion, resulting in a monthly trade deficit of $3.87 billion.

Compared to September 2026, exports in October increased only by 0.2%. However, the country’s trade deficit widened further due to a significant increase in imports.

Business

PSX gains 7,477 points during the outgoing business week

Published

1 hour ago

November 7, 2026

Bilal

-Pakistan Stock Exchange (PSX) showed a positive trend in the last business week with the benchmark KSE-100 index increasing by 7,477 points to close at 173,886.

According to the weekly market update, the index traded within a range of 9,614 points during the week, with a high of 176,604 points and a low of 166,989 points. Trading activity remained strong, with 4.28 billion shares changing hands during the week for a total value of Rs142 billion.

Meanwhile, the market capitalization increased by Rs520 billion over the week to reach Rs18.909 billion.