In October 2024, Pakistan’s IT exports surged to $330 million, marking a significant 39% increase compared to October 2023 and a 13% rise from September 2024. This performance surpassed the 12-month average of $287 million, extending a streak of 13 consecutive months of year-on-year growth since October 2023.
From July to October in FY25, total IT exports reached $1.21 billion, reflecting a 35% year-on-year increase. The growth was driven by an expanded international client base, particularly in the GCC region, as well as favorable policies by the State Bank of Pakistan and stable exchange rates, which facilitated profit repatriation.
In October, the monthly growth was also supported by 23 working days, up from 20 in September. Daily export revenues averaged $14.3 million, slightly down from September’s $14.6 million.
Pakistani IT firms also actively participated in global events such as the Oslo Innovation Week 2024 and the Pak-US Tech Investment Conference, further strengthening their international presence and contributing to the sector’s continued growth.