In August 2024, Pakistan’s IT exports reached $298 million, reflecting a 27% increase year-over-year

In August 2024, Pakistan’s IT exports reached $298 million, reflecting a 27% increase year-over-year and a 4% rise month-over-month. This figure surpasses the 12-month average of $275 million.
According to Topline Securities, the significant year-over-year growth is attributed to an expanding global client base for IT companies, particularly in the GCC region.
Additionally, a recent relaxation in the permissible retention limit by the State Bank of Pakistan—raising it from 35% to 50% in Exporters’ Specialized Foreign Currency Accounts—along with the stability of the Pakistani Rupee, has encouraged IT exporters to repatriate a greater share of their profits.