Islamabad, 16 May, 2025: Pakistan’s IT sector has reported a notable performance in the first ten months of the fiscal year, with exports reaching $3.14 billion, marking a 21% year-on-year rise. However, recent monthly data suggests that the pace of growth is now beginning to slow.
IT Exports Record Modest Rise in April
According to figures sourced from the State Bank of Pakistan and AKD Research, IT exports in April 2025 stood at $317 million, representing a 2% year-on-year increase compared to $310 million in April 2024. On a month-on-month basis, however, the exports showed a 7% decline from $342 million in March 2025.
This marginal year-on-year growth highlights a cooling trend in momentum, as previous months had recorded much stronger figures.
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For instance, the year-on-year increase in March 2024 was close to 60%, and April 2024 saw a surge of approximately 55%.
Ten-Month Performance Remains Strong
Despite the monthly slowdown, the cumulative IT export performance from July 2024 to April 2025 (10MFY25) reflects robust growth.
Total IT exports for the period reached $3.14 billion, a 21% increase over the $2.59 billion recorded during the same period in the previous fiscal year.
This performance underscores the expanding footprint of Pakistan’s tech services on the global stage, particularly in areas such as software development, BPO, and IT consulting.
Charting the Trend
The latest data, visualized in a monthly trend chart, shows fluctuations throughout the fiscal year. After peaking around May and December 2024, exports witnessed intermittent declines, particularly in the second half of the year.
While the annual growth rate remains commendable, the sharp drop in the year-on-year percentage for April 2025 raises questions about sustainability.
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Analysts believe that while seasonal factors may play a role, global demand dynamics and domestic capacity constraints could also be influencing the export trajectory.
Nonetheless, stakeholders remain optimistic about the long-term potential of Pakistan’s digital economy, as the country continues to position itself as a competitive player in the global IT services market.
