'First time': Pakistan’s software services exports jump to more than $1bn

(Web Desk): Pakistan’s export of software services have surpassed $1 billion in an 11-month period for the first time in history.

Per data released by the State Bank of Pakistan (SBP), the country earned foreign exchange of $1.01 billion through the export of software services during the period between July and May in the current financial year.

This was an increase of 27.4 per cent when compared to the $793 million figure reported in a similar period in the previous year.

Overall exports of IT and Information Technology Enabled Services (ITeS) stood at $3.47 billion during the said period, of which the highest share was that of software consultancy services (29.1pc.)