ICT exports rise to $2.6b in FY22

Information and communication technology (ICT) exports, including telecommunication, computer and information services, surged to $2.616 billion in financial year 2021-22, higher by 24.1% compared to $2.108 billion in 2020-21, according to a statement issued by the IT ministry.

In June 2022 alone, the ICT export remittances increased by $52 million to $235 million as compared to $183 million reported for May.

When compared with export remittances of $210 million in June last year, an increase of $25 million was observed. Net ICT exports for FY22 stood at $2.004 billion, which was 76.61% of the total ICT exports of $2.616 billion.

In the previous financial year, the net exports were $1.578 billion, constituting 74.86% of the total ICT exports of $2.108 billion.

Published in The Express Tribune, July 29^th, 2022.

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