Pakistan recorded an increase in transfers, exports and imports during the first seven months of the current financial year, according to the Ministry of Finance’s monthly financial Outlook report, Express News reported Thursday.
The report said transfers increased by 25.2% from July to January, while exports increased by 9.7% and imports by 16.8%.
The current account showed a profit of more than $ 680 million in the period.
Currency reserves contained by the State Bank of Pakistan rose from $ 8 billion to over $ 11.2 billion while rupe remained stable.
The Federal Board of Revenue’s (FBR) tax collection grew by 26.2% in the first six months when non-tax revenue increased by 82%. The tax deficit fell by 36.1% in the same period.
Inflation fell from 28.7% to 6.5% over seven months, the report added, while more than 63,000 Pakistanis traveled abroad for employment in January.
The IT sector sees $ 25 million. In exports to Qatar
In addition, Pakistan’s IT exporters are planning to increase the export of IT and IT-activated services to Qatar, an important potential market, to $ 25 million in the next few years.
In collaboration with the Ministry of IT and Telecommunication (Moitt), Pakistan Software Export Board (PSEB) and Special Investment Facilitation Council (SIFC), IT expansioners work on aggressive strategic expansion plans in both traditional and new markets with groundbreaking products and services.
As part of this initiative, a delegation of 10 IT companies with over 30 delegates participates in the Qatar 2025 web meeting, one of the world’s leading technology conferences. The delegation shows Pakistan’s dynamic IT and tech innovation landscape by a dedicated Pakistan -Paviljong.
Pakistan Software Houses Association (P@SHA) Senior Vice President Umair Nizam said Qatar’s significant market is now opening to Pakistani IT companies in a meaningful way due to steps from Pakistan IT industry, supported by SIFC, PSEB and Moitt.
