Pakistan’s technology exports soared to $305 million in February 2025, registering a 19% year-over-year increase from $257 million in February 2024, according to the State Bank of Pakistan (SBP).
Pakistan IT exports Strengthen Economy
The IT sector contributed 43% of Pakistan’s total services exports for the month, reinforcing its role as a key driver of economic growth. This growth highlights the increasing global demand for Pakistani tech services, positioning the country as a competitive player in the international digital economy. Meanwhile, with continued policy support and investment in innovation, the IT sector is expected to drive even higher export revenues in the coming months.
Key Drivers Behind the IT Export Growth
Experts attribute this surge to multiple factors:
- Expansion in MENAP Markets: Pakistani tech companies strengthened their footprint in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region and actively engaged in LEAP technology events in Saudi Arabia.
- SBP’s Policy Changes: The State Bank of Pakistan increased the foreign currency retention limit for IT exporters from 35% to 50%, allowing firms to reinvest more in their operations.
- Stable Exchange Rate: A relatively stable Pakistani rupee encouraged exporters to repatriate a higher share of earnings, boosting foreign exchange reserves.
Pakistan’s Overall Services Export Performance
Pakistan’s total services exports stood at $709 million in February 2025, reflecting a 5% year-over-year increase and a 2% rise compared to January 2025.
Breakdown of Services Exports by Sector
Other major contributors to services exports in February 2025 included:
- Other business services: $118 million (2% decrease year-over-year)
- Government goods and services: $86 million (18% drop)
- Travel services: $69 million (3% increase)
- Transport services: $91 million (20% decline)
Future Outlook for Pakistan’s IT Industry
Between July 2024 and February 2025, Pakistan’s IT exports totaled $5.5 billion, reflecting a 6% growth compared to $5.15 billion in the same period of the previous fiscal year.
With ongoing government incentives, international expansion, and participation in global tech events, Pakistan’s IT industry is set for continued growth in the coming months.
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