The State Bank of Pakistan (SBP) has reported a substantial increase in the country’s IT exports, which grew by 33% year-on-year to reach USD 423 million in April 2026. This growth contributes to a cumulative increase of 23% in the first ten months of FY26, with exports rising from USD 3.09 billion to USD 3.81 billion.

In addition to IT exports, total service exports for the month totaled USD 914 million, reflecting a 22% increase from USD 751 million in the same period last year. The average monthly exports for calendar year 2025 stood at USD 348 million, an increase from USD 299 million in 2024.

On a month-over-month basis, IT exports increased by 2%, rising from USD 413 million in March. This upward trend is largely due to the expansion of Pakistani IT firms into MENAP (Middle East, North Africa, Afghanistan, and Pakistan) and European markets. The relative stability of the Pakistani rupee against the US dollar has also played a crucial role, encouraging exporters to repatriate a larger share of their foreign earnings and bolstering monthly inflows.

The growth of the sector has been further supported by favorable government policies, including the Equity Investment Abroad (EIA) scheme, which permits exporters to retain up to 50% of their foreign-currency earnings for investment abroad. This initiative aims to promote profit repatriation and facilitate global expansion.

Looking ahead, the Ministry of IT has set an ambitious export target of USD 5 billion for FY26, while industry estimates suggest that exports may reach around USD 4.5 billion.

Source: BMA Research