In October 2024, Pakistan’s IT exports reached $330 million, showing a significant 39% increase compared to October 2023 and a 13% rise from September 2024. This performance exceeded the 12-month average of $287 million, marking 13 months of consistent year-on-year growth since October 2023.
From July to October in FY25, total IT exports hit $1.21 billion, a 35% year-on-year rise. Key drivers included expanded international client bases, particularly in the GCC region, favorable policies by the State Bank of Pakistan, and stable exchange rates, which boosted profit repatriation.
The monthly growth in October was also supported by 23 working days, compared to 20 in September. Daily export revenues averaged $14.3 million, slightly lower than September’s $14.6 million.
Pakistani IT firms actively participated in global events like Oslo Innovation Week 2024 and the Pak-US Tech Investment Conference, further solidifying their international presence and contributing to the sector’s sustained growth.
