{"id":101432,"date":"2025-02-19T14:53:47","date_gmt":"2025-02-19T09:53:47","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101432"},"modified":"2025-02-19T14:53:51","modified_gmt":"2025-02-19T09:53:51","slug":"it-sector-hits-usd-2-18-bn-in-exports","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/it-sector-hits-usd-2-18-bn-in-exports.html","title":{"rendered":"IT sector continues growth, hits USD 2.18 bn in exports"},"content":{"rendered":"\n<p>Islamabad: Pakistan\u2019s IT exports have surged to $2.18 billion in the first seven months of fiscal year 2024-25 (FY25), marking a 27% year-over-year (YoY) increase, according to data from the State Bank of Pakistan (SBP).<\/p>\n\n\n\n<p>This growth trend has remained consistent for 16 consecutive months, starting from October 2023, highlighting the sector\u2019s resilience and expansion in the global market.<\/p>\n\n\n\n<p>In January 2025, Pakistan\u2019s IT exports stood at $313 million, reflecting an 18% YoY growth despite a 10% decline compared to December 2024. However, January\u2019s performance remained strong, surpassing the 12-month average of $303 million.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-can-reach-8-growth-with-higher-investment-wb.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan can achieve 8% growth with increased investment: WB<\/a><\/p>\n\n\n\n<p><strong>Key Drivers of IT Export Growth<\/strong><\/p>\n\n\n\n<p>Analysts attribute the rise in IT exports to several key factors:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Expansion of IT companies\u2019 client bases, particularly in the Gulf Cooperation Council (GCC) region.<\/li>\n\n\n\n<li>Relaxation of SBP\u2019s permissible retention limit, increasing from 35% to 50% in Exporters\u2019 Specialized Foreign Currency Accounts.<\/li>\n\n\n\n<li>New equity investment policy, allowing IT exporters to invest up to 50% of their proceeds in foreign entities.<\/li>\n\n\n\n<li>Stable Pakistani Rupee (PKR), encouraging exporters to repatriate higher earnings.<\/li>\n<\/ul>\n\n\n\n<p><strong>Government Initiatives &amp; Future Outlook<\/strong><\/p>\n\n\n\n<p>The Pakistan Software Houses Association (P@SHA) reported that 62% of IT companies are now maintaining specialized foreign currency accounts, reflecting the sector\u2019s growing financial confidence.<\/p>\n\n\n\n<p>The government\u2019s \u2018Uraan Pakistan\u2019 economic plan has set an ambitious $10 billion IT export target by FY29, requiring an annual growth rate of 28%.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-shahbaz-sharif-launch-uraan-plan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Uraan Plan targets USD 1 Trn economy by 2035 with 9.8% annual growth: PM Shahbaz<\/a><\/p>\n\n\n\n<p>Market analysts expect the IT sector to grow by 10-15% in FY25, with total exports projected to reach $3.5 to $3.7 billion by year-end. Leading companies such as Systems Limited (SYS) continue to drive the sector\u2019s expansion, positioning Pakistan\u2019s IT industry for sustained growth in the global market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan\u2019s IT exports have surged to $2.18 billion in the first seven months of fiscal year 2024-25 (FY25), marking a 27% year-over-year (YoY) increase, according to data from the State Bank of Pakistan (SBP). This growth trend has remained consistent for 16 consecutive months, starting from October 2023, highlighting the sector\u2019s resilience and expansion in the global market. In January 2025, Pakistan\u2019s IT exports stood at $313 million, reflecting an 18% YoY growth despite a 10% decline compared to December 2024. However, January\u2019s performance remained strong, surpassing the 12-month average of $303 million. Read: Pakistan can achieve 8% growth with increased investment: WB Key Drivers of IT Export Growth Analysts attribute the rise in IT exports to several key factors: Government Initiatives &amp; Future Outlook The Pakistan Software Houses Association (P@SHA) reported that 62% of IT companies are now maintaining specialized foreign currency accounts, reflecting the sector\u2019s growing financial confidence. The government\u2019s \u2018Uraan Pakistan\u2019 economic plan has set an ambitious $10 billion IT export target by FY29, requiring an annual growth rate of 28%. Read: Uraan Plan targets USD 1 Trn economy by 2035 with 9.8% annual growth: PM Shahbaz Market analysts expect the IT sector to grow by&hellip;<\/p>\n","protected":false},"author":18,"featured_media":101433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[62648,62638,62637,62639,62647,62645,62641,62644,62646,34475,62636,62642,61741,2631,62640,62643,62649,61359],"persona":[],"class_list":{"0":"post-101432","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-digital-economy-pakistan","9":"tag-foreign-currency-accounts","10":"tag-gcc-market","11":"tag-it-export-growth","12":"tag-it-industry-pakistan","13":"tag-it-policy","14":"tag-it-sector-growth","15":"tag-it-sector-investment","16":"tag-psha","17":"tag-pakistan-economy","18":"tag-pakistan-it-exports","19":"tag-pakistan-software-exports","20":"tag-sbp-data","21":"tag-state-bank-of-pakistan","22":"tag-systems-limited","23":"tag-tech-industry-pakistan","24":"tag-technology-exports","25":"tag-uraan-pakistan","26":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IT sector hits USD 2.18 bn in exports - Zameen News<\/title>\n<meta name=\"description\" content=\"Market analysts expect the IT sector to grow by 10-15% in FY25, with total exports projected to reach $3.5 to $3.7 billion by year-end...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/it-sector-hits-usd-2-18-bn-in-exports.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT sector hits USD 2.18 bn in exports - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Market analysts expect the IT sector to grow by 10-15% in FY25, with total exports projected to reach $3.5 to $3.7 billion by year-end...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/it-sector-hits-usd-2-18-bn-in-exports.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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