Pakistan’s information technology (IT) exports reached $317 million in April 2025, marking a 2% year-on-year increase. Even though the determination represents a 7% decline compared to the preceding month, it remains above the common monthly export value of $314 million over the past year.
This achievement marks the 19th consecutive month of year-on-year increase in IT exports, beginning in October 2023.
The export proceeds averaged $15.9 million per day in April, down from $18 million in March. Over the first ten months of the current fiscal year (10MFY25), Pakistan’s IT exports totaled $3.1 billion, showing a 21% rise compared to the identical period last year.
On a year-on-year (YoY) basis, IT exports in Pakistan rose by 2% in April 2025, attaining $317 million, compared to $310 million in April 2024. However, on a month-on-month (MOM) basis, the world experienced a 7% decline, down from $342 million in March 2025.
The IT area reached a historic high in FY 2023–24, recording remittances of $3.223 billion, reflecting a 24% growth over the $2.596 billion recorded in FY 2022–23.
Read more: Pakistan records 18% jump in IT exports during January
Regardless of the steady rise, the authorities have mentioned that a significant portion of IT export sales remain unremitted. It has consequently set a bold target of boosting overall IT exports from $3.2 billion in FY24 to $4.2 billion in FY25.
Pakistan is home to an estimated 2.32 million freelancers, who contribute approximately 15% of total IT exports. However, only 38,000 freelancers presently maintain active bank accounts. Even as around 500 new freelancer accounts are being opened every week, the focus now is on improving account retention and onboarding.
To assist this developing sector, the State Bank of Pakistan (SBP) has raised the foreign exchange retention restriction to 50% or $5,000 per month, whichever is higher, up from the preceding limit of 35%. Moreover, banks were directed to simplify account-establishing procedures for each PKR and overseas currency account, a move predicted to benefit freelancers and IT corporations alike.