Karachi (TDI): Pakistan’s IT exports surged by 39 percent year-on-year (YoY) this October, clocking in at $330 million.
This is also a 13% increase on a month-on-month basis, surpassing the 12-month average of $287 million, according to Topline Securities.
This is the continuation of a 13-month streak of YoY increase that started in October last year.
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Cumulatively, the IT exports for the first months of the Financial Year 2025 (4MFY25) crossed the $1.21 billion mark, recording a strong 35% YoY growth.
A number of factors have driven this growth, such as global expansion, policy incentives, and current economic stability leading to currency stabilization.
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Another factor in the month-on-month increase in October was a higher number of working days (23), as compared to 20 in September. Daily export proceeds were $14.3 million in October, slightly down from $14.6 million in September.
