Pakistan registered an increase in remittances, exports and imports during the first seven months of the current fiscal year, according to the monthly economic perspective report of the Ministry of Finance, Express News said Thursday.
The report said that remittances increased by 25.2% from July to January, while exports increased by 9.7% and imports by 16.8%.
The current account showed a surplus of more than $ 680 million during the period.
The foreign exchange reserves of the State Bank of Pakistan increased from $ 8 billion to more than $ 11.2 billion, while the rupee remained stable.
The tax collection of the Federal Income Board (FBR) grew by 26.2% in the first six months, with an increase in income without 82%. The fiscal deficit fell by 36.1% during the same period.
Inflation decreased from 28.7% to 6.5% for seven months, the report added, while more than 63,000 Pakistanis went abroad for employment in January.
Sector Sector $ 25 million in exports to Qatar
In addition, TI exporters of Pakistan plan to increase the export of IT services and enabled in you to Qatar, a key potential market, to $ 25 million in the coming years.
In collaboration with the TI and Telecommunications Ministry (MOITT), the Pakistan Software Export Board (PSEB) and the Special Investment Facilitation Council (SIFC), IT exporters are working on aggressive strategic expansion plans in traditional and emerging markets with avant -garde products and services.
As part of this initiative, a delegation of 10 IT companies with more than 30 delegates attends Summit Qatar 2025, one of the world’s main technological conferences. The delegation shows the dynamic panorama of IT and Technological Innovation of Pakistan in a dedicated Pakistan pavilion.
The senior vice president of the Association of Pakistan Software Houses (P@Sha), Umair Nizam, said that the important Qatar market is now opening for Pakistani IT companies in a significant way due to the progress of the Pakistan’s IT industry, backed by Sifc, Pseb and Moitt.
