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ISLAMABAD: The State Bank of Pakistan (SBP) has said that IT exports have increased by 51% in November 2020.

According to the details, the State Bank of Pakistan says that in November 2020, IT exports have increased by 51%. In the first five months of the financial year, IT exports have increased by 39%.

According to the SBP, IT exports reached 763 million in July-November.
On the other hand, economist Samiullah Tariq says that if the information technology (IT) sector is activated, exports can increase.

Samiullah Tariq said that the balance of external payments has improved, exports have improved while remittances have also increased in five months.

He said that IT exports increased by 51% in November and the federal government is currently focusing on four sectors including textile construction, electric vehicle and mobile manufacturing.

Samiullah Tariq said that the economic situation is stable but the road is still long and the economic indicators are moving in the right direction. IT exports through bank formulation will benefit while increasing both exports and revenue.

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