Comments - Pakistan's Quarterly Tech Exports Have Jumped Over 6-Fold Since 2010 - PakAlumni Worldwide: The Global Social Network 2024-03-28T11:15:15Zhttp://www.pakalumni.com/profiles/comment/feed?attachedTo=1119293%3ABlogPost%3A403340&xn_auth=noArif Habib Limited@ArifHabibL…tag:www.pakalumni.com,2022-07-27:1119293:Comment:4095262022-07-27T17:01:42.442ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Arif Habib Limited<br/>@ArifHabibLtd<br/>During Jun’22, technology exports were up 12% YoY to $ 235mn. During FY22, technology recorded exports worth $ 2.6bn (38% of the overall services’ exports) marking a 24% YoY jump.</p>
<p><a href="https://twitter.com/ArifHabibLtd/status/1552323262889267203?s=20&t=pQZhjk6PdHGdxl4Pso9gYA" target="_blank">https://twitter.com/ArifHabibLtd/status/1552323262889267203?s=20&t=pQZhjk6PdHGdxl4Pso9gYA</a></p>
<p>Arif Habib Limited<br/>@ArifHabibLtd<br/>During Jun’22, technology exports were up 12% YoY to $ 235mn. During FY22, technology recorded exports worth $ 2.6bn (38% of the overall services’ exports) marking a 24% YoY jump.</p>
<p><a href="https://twitter.com/ArifHabibLtd/status/1552323262889267203?s=20&t=pQZhjk6PdHGdxl4Pso9gYA" target="_blank">https://twitter.com/ArifHabibLtd/status/1552323262889267203?s=20&t=pQZhjk6PdHGdxl4Pso9gYA</a></p> From Twitter:
Arif Habib Limi…tag:www.pakalumni.com,2021-11-19:1119293:Comment:4046162021-11-19T22:31:51.820ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>From Twitter:</p>
<p>Arif Habib Limited<br></br>@ArifHabibLtd</p>
<p>During Oct’21, technology exports was up 29% YoY to $ 195mn. During 4MFY22, technology recorded exports worth $ 830mn contributing 39% to the overall services’ export and marking a 39% YoY jump.</p>
<p>@StateBank_Pak<br></br> <br></br>@Hammad_Azhar<br></br> <br></br>@aliya_hamza<br></br> <br></br>@MuzzammilAslam3</p>
<p>#Pakistan #Economy #AHL…</p>
<p></p>
<p>From Twitter:</p>
<p>Arif Habib Limited<br/>@ArifHabibLtd</p>
<p>During Oct’21, technology exports was up 29% YoY to $ 195mn. During 4MFY22, technology recorded exports worth $ 830mn contributing 39% to the overall services’ export and marking a 39% YoY jump.</p>
<p>@StateBank_Pak<br/> <br/>@Hammad_Azhar<br/> <br/>@aliya_hamza<br/> <br/>@MuzzammilAslam3</p>
<p>#Pakistan #Economy #AHL</p>
<p><a href="https://twitter.com/ArifHabibLtd/status/1461747220114550791?s=20" target="_blank">https://twitter.com/ArifHabibLtd/status/1461747220114550791?s=20</a></p> Pakistan Receives $635 Millio…tag:www.pakalumni.com,2021-11-19:1119293:Comment:4044232021-11-19T17:06:29.522ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Pakistan Receives $635 Million by Exporting the Information Technology Services</p>
<p><a href="https://www.phoneworld.com.pk/pakistan-earns-635-million-by-exporting-the-information-technology-services/" target="_blank">https://www.phoneworld.com.pk/pakistan-earns-635-million-by-exporting-the-information-technology-services/</a></p>
<p><br></br>The Pakistan Bureau of Statistics is a federal agency of the Government of Pakistan tasked with providing reliable and comprehensive statistical research…</p>
<p>Pakistan Receives $635 Million by Exporting the Information Technology Services</p>
<p><a href="https://www.phoneworld.com.pk/pakistan-earns-635-million-by-exporting-the-information-technology-services/" target="_blank">https://www.phoneworld.com.pk/pakistan-earns-635-million-by-exporting-the-information-technology-services/</a></p>
<p><br/>The Pakistan Bureau of Statistics is a federal agency of the Government of Pakistan tasked with providing reliable and comprehensive statistical research as well as commissioning national statistics services. According to figures from the Pakistan Bureau of Statistics (PBS), the exportation of Information Technology services increased by 40.90 percent between July and September 2021, rising from $348.4 million in the previous financial year to $490.89 million this year. During the first quarter of the financial year 2021-22, Pakistan earned more than $635 million by supplying various IT services to different countries</p>
<p>-------------<br/>Ovais<br/>@Sabbandkardo<br/>·<br/>2h<br/>Pakistan IT Exports in OCT 2021 were 195 M$ <br/>The momentum of IT exports persisted and IT exports are projected to reach around 2.5 B$ by FY end . <br/>Pakistan should aim to reach 5 B$ soon<br/>#PakistanMovingForward</p>
<p><a href="https://twitter.com/Sabbandkardo/status/1461707968664285188?s=20" target="_blank">https://twitter.com/Sabbandkardo/status/1461707968664285188?s=20</a></p> #Pakistan #exports register r…tag:www.pakalumni.com,2021-11-06:1119293:Comment:4043382021-11-06T02:16:35.674ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>#Pakistan #exports register record in October 2021, rise 17.5% to $2.47 billion, highest ever for month of Oct. During the July-Oct 2021 period, Pakistan's exports grew by 25% to $9.468 billion, compared to $7.576 billion during the same period last year.<br></br><a href="https://www.dawn.com/news/1655336" target="_blank">https://www.dawn.com/news/1655336</a><br></br><br></br>Pakistan’s exports posted a 17.5 per cent growth in October, rising to $2.471 billion as compared to $2.104 billion in Oct…</p>
<p>#Pakistan #exports register record in October 2021, rise 17.5% to $2.47 billion, highest ever for month of Oct. During the July-Oct 2021 period, Pakistan's exports grew by 25% to $9.468 billion, compared to $7.576 billion during the same period last year.<br/><a href="https://www.dawn.com/news/1655336" target="_blank">https://www.dawn.com/news/1655336</a><br/><br/>Pakistan’s exports posted a 17.5 per cent growth in October, rising to $2.471 billion as compared to $2.104 billion in Oct 2020.<br/><br/>"This is the highest-ever export [figure] in any October in our history," a statement issued by the Ministry of Commerce said on Monday.<br/><br/>It added that the export target for Oct 2021 was $2.6 billion.<br/><br/>During the July-Oct 2021 period, Pakistan's exports grew by 25pc to $9.468 billion, compared to $7.576 billion during the same period last year. The ministry's target for July-Oct 2021 was $9.6 billion.<br/><br/><br/>Meanwhile, during the Jul-Oct 2021 period, imports rose by 64pc to $24.99 billion as compared to $15.19 billion during the same period in 2020.<br/><br/>"About 40pc of this increase is investment-driven (capital goods, raw material and intermediates), which indicates [an] expansion of industry and enhanced activity by industry," the ministry said.<br/><br/>The remaining 60pc of the imports were made up of petroleum, coal and gas (34pc); vaccines (11pc); food (8pc); consumer goods (2pc); and all others (5pc). "Most of this is inelastic in nature," the commerce ministry noted in its press release.<br/><br/>In absolute terms, the net increase in imports over the four-month period was $9.801 billion. This comprised consumer goods worth $239 million, food $823 million, capital goods $1.620 billion, raw material and intermediates $2.209 billion, petroleum, coal and gas $3.364 billion, vaccines $1.068 billion, and all others $478 million.<br/><br/>Trade deficit rises 109.4pc YoY<br/>According to commerce ministry data, the trade deficit in Oct 2021 rose 109.4pc over the same month last year. It was $1.803 billion in Oct 2020 and more than doubled to $3.775 billion in Oct 2021.<br/><br/>Similarly, the trade deficit in Jul-Oct 2021 stood at $15.525 billion as compared to $7.617 billion during the same period in 2020 — registering an increase of 103.8pc.<br/><br/><br/></p>
<p class="comment-timestamp"></p> Overseas Pakistanis sent the…tag:www.pakalumni.com,2021-10-20:1119293:Comment:4032442021-10-20T19:32:34.740ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p><span>Overseas Pakistanis sent the highest-ever $8 billion remittances during the first quarter of the current fiscal year, registering a growth of 12.5 per cent over the same period last year.</span><br></br><br></br><span><a href="https://www.dawn.com/news/1650949" target="_blank">https://www.dawn.com/news/1650949</a></span><br></br><br></br><br></br><br></br><span>The highest remittances were received from Saudi Arabia but they were 2.6pc less than the same period of last year. During July-September 2021-22 the…</span></p>
<p><span>Overseas Pakistanis sent the highest-ever $8 billion remittances during the first quarter of the current fiscal year, registering a growth of 12.5 per cent over the same period last year.</span><br/><br/><span><a href="https://www.dawn.com/news/1650949" target="_blank">https://www.dawn.com/news/1650949</a></span><br/><br/><br/><br/><span>The highest remittances were received from Saudi Arabia but they were 2.6pc less than the same period of last year. During July-September 2021-22 the remittances from Saudi Arabia were $2.025bn against $2.080bn last year. The contribution of Saudi Arabia in the total remittances during the first quarter of FY22 was almost 25pc. In September, Pakistan received $691m from the kingdom against $694m in the same month of last year.</span><br/><br/><span>The remittance from the United Arab Emirates was second highest as it witnessed a growth of 8.7pc while it amounted to $1.545bn during the first quarter of FY22.</span><br/><br/><span>The inflows from UK and USA noted a growth of 13.2pc and 32pc amounting to $1.115bn and $836m respectively. The growth in the first quarter of FY21 was 71.5pc for UK and 63pc for USA.</span><br/><br/><span>For the first time, the inflows from EU countries surpassed the total inflows from other GCC countries. The inflows from EU countries rose $889m compared to $880.7 from the GCC countries. The remittances from EU countries increased by 47.8pc compared to the same period of last fiscal year.</span></p> Overseas Pakistanis sent the…tag:www.pakalumni.com,2021-10-20:1119293:Comment:4035152021-10-20T19:26:31.858ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>Overseas Pakistanis sent the highest-ever $8 billion remittances during the first quarter of the current fiscal year, registering a growth of 12.5 per cent over the same period last year.<br></br><br></br><a href="https://www.dawn.com/news/1650949" target="_blank">https://www.dawn.com/news/1650949</a><br></br><br></br>The State Bank of Pakistan (SBP) on Friday reported that with inflows of $2.7bn in September, workers’ remittances continued their strong momentum and remaining above $2bn since June…</p>
<p>Overseas Pakistanis sent the highest-ever $8 billion remittances during the first quarter of the current fiscal year, registering a growth of 12.5 per cent over the same period last year.<br/><br/><a href="https://www.dawn.com/news/1650949" target="_blank">https://www.dawn.com/news/1650949</a><br/><br/>The State Bank of Pakistan (SBP) on Friday reported that with inflows of $2.7bn in September, workers’ remittances continued their strong momentum and remaining above $2bn since June 2020.<br/><br/>“This is the 7th consecutive month when inflows recorded around $2.7bn on average,” said the SBP. In terms of growth, remittances increased by 17pc in September compared to the same month last year, while comparing with August inflows it was 0.5pc higher.<br/><br/>The surging imports in 1QFY22 widened the trade deficit putting immense pressure on the rupee-dollar exchange rate which ultimately reflected in higher current account deficit. The situation for the economic managers is not comfortable except the higher remittance supported the economy beyond imagination.<br/><br/>The country had received record remittances of $29.4bn in FY21 which helped it curtail the current account deficit.<br/><br/>“The proactive policy measures by the government and SBP to incentivise the use of formal channels, curtailed crossborder travel in the face of Covid19, altruistic transfers to Pakistan amid the pandemic, and orderly foreign exchange market conditions have positively contributed towards the sustained improvement in remittance inflows since last year,” the central bank said in statement.</p>
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