Islamabad, June 18, 2025: Pakistan’s IT industry recorded exports worth $329 million in May 2025, marking a 1% year-on-year (YoY) decline—the first drop after 19 months of consistent growth. However, exports improved 4% month-on-month (MoM) compared to April, reflecting resilience in the sector despite global headwinds.
These figures remain above the 12-month average of $314 million, showcasing overall strength. Daily export proceeds stood at $16.5 million, higher than the $15.9 million per day in April 2025, highlighting positive momentum.
So far, during 11MFY25, Pakistan’s IT exports have reached approximately $3.5 billion, showing a 19% YoY increase. Industry experts attribute this surge to expanding global clientele, particularly in the Gulf Cooperation Council (GCC) region, along with policy reforms by the State Bank of Pakistan (SBP).
Key factors driving the increase include:
- SBP’s move to raise the retention limit in Exporters’ Specialized Foreign Currency Accounts from 35% to 50%.
- Permission for equity investments abroad through these accounts.
- A stable Pakistani Rupee (PKR), which encouraged exporters to repatriate higher profits.
Additionally, Pakistani tech firms have actively showcased their capabilities globally, participating in events like LEAP 2025 in Saudi Arabia and Web Summit Qatar 2025.
According to a recent P@SHA survey, 62% of IT firms are now operating specialized foreign currency accounts. A new SBP regulation allows export-focused IT companies to invest up to 50% of their retained foreign earnings into foreign entities. This strategic shift is expected to strengthen Pakistan’s IT export ecosystem.
Net IT exports (exports minus imports) touched $294 million in May 2025, up 1% YoY and 2% MoM, exceeding the 12-month average of $272 million.
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Industry insiders project FY25 IT exports to close around $3.8 billion, a 17% YoY growth. Under the government’s ‘Uraan Pakistan’ economic roadmap, the national target is $10 billion in IT exports by FY2029, requiring a compound annual growth rate (CAGR) of 28% over the next four years.
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