Pakistan, July 18 -- Pakistan's IT exports reached a record high of $3.8 billion in the financial year 2024-25. This marks an 18% increase compared to the previous year, when exports stood at $3.2 billion. The data was released by the State Bank of Pakistan (SBP), showing strong growth in IT and IT-enabled services. The IT sector became the third-largest source of foreign exchange after textiles and rice. It also made up 45% of total services exports.

Industry experts praised this progress. Muhammad Umair Nizam of P@SHA said consistent growth has supported the national economy. He also stated that IT exports helped stabilize the current account this year. However, he noted challenges such as delayed policies and global issues. Nizam adde...