Technology: Nov-24 IT Exports up by 25% YoY to US$324mn 5MFY25 exports up by 33% Yo – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan recorded monthly IT exports of US$324mn, up by 25% YoY while down by 2% MoM in Nov2024. These monthly IT exports in Nov-2024 are higher than last 12-month average of US$295mn. This is the 14th consecutive month of YoY IT export growth, starting from October 2023.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This takes 5MFY25 IT exports to US$1.53bn, up by 33% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">YoY jump in IT exports is due to (1) IT export companies growing client base globally, especially in GCC region, (2) relaxation in the permissible retention limit by the State Bank of Pakistan, increasing it from 35% to 50% in the ...