Services Exports Surge 22.6% Driven by IT Earnings in Q1 FY27

ISLAMABAD: Pakistan’s services exports have experienced a remarkable year-on-year growth of 22.60% in the first quarter of the fiscal year 2026-27, primarily fueled by increased earnings from the information technology sector. The total proceeds reached $2.72 billion from July to September 2026-27, a significant rise from $2.22 billion during the same period last year.

The data, compiled by the Pakistan Bureau of Statistics, indicates that this growth trend in services exports stands in contrast to the mixed performance observed in goods shipments. In September alone, services exports grew by 15.35%, amounting to $929.87 million compared to $806.14 million in September 2025. The telecommunications, computer, and information services sectors have been the main contributors to this upward trajectory since the fiscal year commenced.

This robust growth in services exports is a positive indicator for Pakistan’s economy, suggesting resilience in the face of global economic challenges. The overall services exports for the fiscal year 2025-26 also saw an increase of 18.81%, totaling $10.04 billion, up from $8.45 billion in the previous year. This trend highlights the potential for the IT sector to play a pivotal role in enhancing the country’s economic landscape.

Looking ahead, stakeholders in the industry are optimistic about sustaining this growth momentum. Continued investment in technology and innovation, along with supportive government policies, will be crucial in maintaining the upward trajectory of services exports. Upcoming discussions among industry leaders and policymakers are expected to focus on strategies to further bolster this vital sector.