{"id":45593,"date":"2024-08-20T12:04:06","date_gmt":"2024-08-20T07:04:06","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=45593"},"modified":"2024-08-20T12:04:06","modified_gmt":"2024-08-20T07:04:06","slug":"pakistans-it-export-hikes-to-286-m-in-first-month-of-fiscal-year","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistans-it-export-hikes-to-286-m-in-first-month-of-fiscal-year\/","title":{"rendered":"Pakistan&#8217;s IT export hikes to $286 m in first month of fiscal year"},"content":{"rendered":"<p>ISLAMABAD:<a href=\"https:\/\/dailyausaf.com\/en\/mobile-phones\/samsung-galaxy-a55-price-pta-tax-in-pakistan-2024-details-inside\/\"> Pakistan&#8217;s IT sector<\/a> saw export remittances rise to $286 million in July, marking a 33.64% increase from $214 million in July of the previous fiscal year, according to the Ministry of Information Technology and Telecommunication.<\/p>\n<p>The IT sector&#8217;s exports represented 46% of Pakistan&#8217;s total exports for the month. This growth is attributed to strong demand for Pakistani IT services and a growing number of IT companies securing international contracts.<\/p>\n<p>The sector has experienced significant expansion, with over 2,000 registered IT companies now operating in Pakistan. IT and <a href=\"https:\/\/dailyausaf.com\/en\/education\/free-policy-ends-punjab-university-to-charge-now-for-degree-fee-details-inside\/\">IT-enabled services (ITES)<\/a> have been crucial for foreign exchange earnings, with exports nearing $2.5 billion in the previous fiscal year.<\/p>\n<p>Moreover, Minister of State for <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/gov-approves-ms-ayesha-humera-secretary-of-moitt\/\">Information Technology and Telecommunication<\/a>, Shaza Fatima, highlighted the government&#8217;s goal to further boost IT exports, setting a target of $3.5 billion for the next fiscal year.<\/p>\n<p>In addition, the Ministry of IT is supporting this growth through the establishment of IT parks, tax incentives for tech startups, and training programs for IT professionals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Pakistan&#8217;s IT sector saw export remittances rise to $286 million in July, marking a 33.64% increase from $214 million in July of the previous fiscal year, according to the Ministry of Information Technology and Telecommunication. The IT sector&#8217;s exports represented 46% of Pakistan&#8217;s total exports for the month. This growth is attributed to strong [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":45594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20552,20633,20634],"class_list":["post-45593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-moitt-shaza-fatima","tag-foreign-exchange-earning","tag-it-export-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/45593","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=45593"}],"version-history":[{"count":2,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/45593\/revisions"}],"predecessor-version":[{"id":45603,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/45593\/revisions\/45603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/45594"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=45593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=45593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=45593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}