Pakistan IT exports in April up by 2% YoY to record $317m

KARACHI: Pakistan recorded monthly IT exports of US$ 317 million in April 2025, up by 2 per cent year-on-year (YoY) while down 7 per cent month-on-month (MoM).

These monthly IT exports in April 2025 are higher than last 12-month average of US$ 314 million. This is the 19th consecutive month of YoY IT export growth, starting from October 2023, Topline Securities research stated.

Export proceeds per day were recorded at US$ 15.9 million for April 25 vs US$ 18.0 million March 25.

This takes ten months of fiscal year 25 IT exports to US$ 3.1 billion up by 21% YoY.

The YoY jump in IT exports is due to, IT export companies growing client base globally, especially in GCC region, relaxation in the permissible retention limit by the State Bank of Pakistan, increasing it from 35% to 50% in the Exporters Specialised Foreign Currency Accounts, allowance of equity investment abroad through these foreign currency accounts and stability in PKR encouraging IT exporters to bring higher portion of profits back to Pakistan, Topline Securities research stated. 

Pakistan eyes $4bn in IT exports as industry calls for business-friendly policies

Pakistani IT companies are active in engaging with global clients. Recently leading IT companies of Pakistan attended LEAP 2025 in Saudi Arabia and Web Summit Qatar 2025.

Net IT Exports (Exports-Imports) displayed a monthly number of US$ 288 million which is an increase of 2% YoY while down by 7% MoM. These net IT exports numbers in April 2025 are higher than last 12-month average of US$272 million.

“We believe, IT sector will continue its growth trajectory and momentum with likely growth of 10-15% for FY25 to US$ 3.5 – 3.7% billion. Under ‘Uraan Pakistan’ national economic plan, the government has set a target of US$10 billion IT exports by FY29. This implies a target CAGR of 28% til FY29,” Topline Securities Ltd stated.

 According to a Pakistan Software Houses Association (P@SHA) survey, 62% of IT companies are maintaining specialised foreign currency accounts.