Pakistan’s IT exports rise to $2.61b in first seven months of FY2026

Pakistan’s ICT export earnings rose 19.78 percent year-on-year (YoY) to $2.61 billion in the first seven months of the current fiscal year ending June 2026 compared to $ 2.18 billion achieved during the corresponding period last year, reported 24NewsHD TV channel on Wednesday.

Ministry of Information Technology said that Pakistan’s IT and IT-enabled services sector emerged as one of the country’s fastest-growing sources of foreign exchange, generating over $3 billion annually and employing roughly a million freelancers in addition to formal software firms.

Monthly exports also expanded, with ICT services exports reaching $374 million in January 2026, up 19.5 percent from $313 million a year earlier.

The ministry said ICT remained the country’s highest-earning services sector, well ahead of “other business services,” which generated $1.21 billion over the same July-January period.

Pakistan has increasingly relied on technology exports, including software development, outsourcing and freelance services, to generate foreign exchange as the economy adjusts under structural reforms and tight import controls following a balance-of-payments crisis.

Officials say continued growth will depend on easing payment bottlenecks, improving digital infrastructure and expanding higher-value technology services beyond traditional 

Reporter: Waqas Azeem