Pakistan’s IT sector exports outperform all other sectors, with a 5 yearly revenue growth of 18.85%

According to the annual Pakistan Economic Survey FY 2020-21, during the first two quarters of FY 2020-21, the overall investment in the Telecom sector exceeded $465 million. The survey further revealed that Pakistan’s IT sector outperformed all other sectors of the country’s economy by recording an 18.85% growth in foreign exchange reserves, higher than any other sector in the past 5 years.

Minister for Finance Shaukat Tarin unveiled the Pakistan Economic Survey FY 2020-21, which presents a comprehensive analysis of the performance of various sectors of the economy while highlighting the trend of macro-economic indicators, development policies, sectoral achievements of the economy, and reviewing the key drivers of the year’s growth.

The survey collects statistical data of all the sectors from numerous organizations, provincial departments, and ministries.

Read More: Pakistan’s economy reaches its peak production levels, record growth of 9.1% reported