IT exports hit all-time high of $354 million in July

Pakistan recorded an all-time high monthly IT export of $354 million in July 2025, up by 24% compared to the same period last year. The exports in July were up 5% month-on-month.

The monthly IT exports in July 2025 are higher than the last 12-month average of $317 million.

According to the breakdown of IT exports, computer services grew by 10% to $311 million in July 2025, primarily driven by software consultancy exports, which increased to $104 million from $96 million in June 2025.

The growth in IT exports during the month is due to a number of factors, including the growing global clientele of IT export companies, especially in GCC region; relaxation in the permissible retention limit in the Exporters’ Specialized Foreign Currency Accounts by the State Bank from 35% to 50%; permission for equity investment abroad through foreign currency accounts; and stability in exchange rate, which encouraged IT exporters to bring higher portion of profits back to Pakistan.

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

Sania Irfan, research analyst for Topline Securities, said that the SBP’s introduction of Equity Investment Abroad (EIA), allowing IT exporters to acquire interest in entities abroad using up to 50% proceeds from specialized foreign currency accounts, will continue to boost the confidence of IT exporters to remit proceeds back to Pakistan.

According to the data, net IT exports (Exports-Imports) stood at $317 million in July, an increase of 26% year-on-year and 4% month-on-month.

The number was higher than the 12-month average of $272 million.

While the government has set a target of $5bn for FY26, IT exports are expected to grow by 18 to 20% during the year, said Sania.

Under the ‘Uraan Pakistan’ national economic plan, the government has set a target of increasing IT exports to $10bn by FY29. This implies a target CAGR of 27% till FY29.