Pakistan’s IT exports reach new monthly high of $417 million in July

information technology (IT) exports continued their strong growth at the beginning of the new fiscal year, reaching $417 million in July 2026,

ISLAMABAD: Pakistan’s information technology (IT) exports continued their strong growth at the beginning of the new fiscal year, reaching $417 million in July 2026, according to the latest data released by the State Bank of Pakistan (SBP).

The latest figures show that the country’s IT sector maintained its recent momentum, with monthly exports remaining above the $400 million mark. IT exports increased by around 18% compared with the same month a year earlier, reflecting growing demand for Pakistan-based technology services in international markets.

The SBP data indicates that Pakistan’s IT export performance has remained resilient despite challenges facing the broader economy. The continued rise in export receipts has been supported by the expansion of software development, business process outsourcing, freelancing, digital services and other technology-related activities.

The central bank’s figures also suggest that the sector has entered the new fiscal year with considerable momentum. Maintaining monthly export earnings above $400 million could help Pakistan strengthen its foreign-exchange earnings and further increase the contribution of the technology sector to the national economy.

Economic analysts expect the IT industry to remain one of the country’s key export-growth areas during the current fiscal year. Based on the recent pace of expansion, experts believe Pakistan could surpass the $5 billion mark in IT and IT-enabled services exports during FY2026-27.

Pakistan had already achieved a record level of IT exports of around $5.5 billion during the previous fiscal year, highlighting the sector’s growing importance as a source of foreign exchange.

Freelancers have also emerged as a major contributor to Pakistan’s digital export earnings. During fiscal year 2025-26, Pakistani freelancers generated approximately $2.2 billion in export receipts, according to the available data.

The strong performance of freelancers, software companies and other technology service providers indicates that Pakistan’s digital economy is becoming an increasingly important part of the country’s export base.

Industry stakeholders believe continued investment in digital infrastructure, improved payment mechanisms, greater access to international markets and development of skilled IT professionals could further accelerate the sector’s growth.