{"id":33918,"date":"2024-04-22T22:21:49","date_gmt":"2024-04-22T17:21:49","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=33918"},"modified":"2024-04-22T22:21:49","modified_gmt":"2024-04-22T17:21:49","slug":"pakistans-it-exports-reach-record-high-in-march-2024","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/pakistans-it-exports-reach-record-high-in-march-2024\/","title":{"rendered":"Pakistan&#8217;s IT exports reach record high in March 2024"},"content":{"rendered":"<p>KARDACHI: Pakistan&#8217;s Information Technology (IT) sector witnessed its highest ever monthly IT exports in March 2024.<\/p>\n<p>According to Topline Security Reports, Pakistan&#8217;s monthly IT exports reached US$306 million, up 37% YoY and 19% MoM in March 2024, surpassing the previous export record of US$303 million in December 2023. Gone.<\/p>\n<p>This increase in year-on-year (YoY) IT exports, which exceeded the 12-month average of USD 238 million, is attributable to various factors, including:<\/p>\n<p>In the first nine months of fiscal year 2024 (9MFY24), IT exports reached US$2.28 billion, up 17 percent year-on-year over the same period last fiscal year.<\/p>\n<p>Additionally, net IT exports (exports-imports) also recorded growth in March 2024, increasing by 37% YoY and 20% month-on-month to US$ 275 million. In March 2024, these net IT export numbers also exceeded the 12-month average of USD 208 million. In 9MFY24, net IT exports recorded a year-on-year growth of 16%, reaching US$ 1.99 billion.<\/p>\n<p><em><strong>Read More:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistans-it-exports-surge-reaching-1-45-billion-in-first-half-of-fy-2023-24\/\">Pakistan&#8217;s IT Exports Surge, Reaching $1.45 Billion in First Half of FY 2023-24<\/a><\/strong><\/em><\/p>\n<p>Expressing optimism in a recent interview with a private TV channel, newly appointed Finance Minister Mohammad Aurangzeb said that IT exports are likely to touch USD 3.5 billion by the end of the year.<\/p>\n<p>&#8220;Although overall IT exports have increased during 9MFY24, the government&#8217;s target appears challenging,&#8221; Topline Securities highlighted.<\/p>\n<p>Meanwhile, experts are expecting the overall IT exports for FY24 to reach around USD 3.0 billion, compared to USD 2.6 billion recorded last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARDACHI: Pakistan&#8217;s Information Technology (IT) sector witnessed its highest ever monthly IT exports in March 2024. According to Topline Security Reports, Pakistan&#8217;s monthly IT exports reached US$306 million, up 37% YoY and 19% MoM in March 2024, surpassing the previous export record of US$303 million in December 2023. Gone. This increase in year-on-year (YoY) IT [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":33919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[949,6662,15570,15569],"class_list":["post-33918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-information-technology","tag-it","tag-mohammad-aurangzeb","tag-topline-security-reports"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/33918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=33918"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/33918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/33919"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=33918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=33918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=33918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}