Pakistan has witnessed growth in remittances, exports, and imports during the first seven months of the ongoing fiscal year, according to the Ministry of Finance’s monthly economic outlook report.
The report highlighted a 25.2% rise in remittances from July to January, while exports increased by 9.7% and imports by 16.8%. The current account registered a surplus of over $680 million during this period.
Foreign exchange reserves held by the State Bank of Pakistan surged from $8 billion to over $11.2 billion, while the rupee remained stable.
Tax collection by the Federal Board of Revenue (FBR) grew by 26.2% in the first six months, with non-tax revenue soaring by 82%. Additionally, the fiscal deficit shrank by 36.1% over the same period.
Inflation declined significantly from 28.7% to 6.5% over the past seven months, while more than 63,000 Pakistanis secured employment opportunities abroad in January.
Meanwhile, Pakistan’s IT exporters are focusing on expanding their exports of IT and IT-enabled services to Qatar, aiming to reach $25 million in the coming years.
In collaboration with the Ministry of IT and Telecommunication (MoITT), the Pakistan Software Export Board (PSEB), and the Special Investment Facilitation Council (SIFC), IT exporters are implementing aggressive strategic plans to expand in both traditional and emerging markets with cutting-edge products and services.
As part of this effort, a delegation of 10 IT companies, consisting of over 30 representatives, is participating in Web Summit Qatar 2025—one of the world's premier technology conferences. The delegation is showcasing Pakistan’s vibrant IT and tech innovation sector at a dedicated Pakistan Pavilion.
Pakistan Software Houses Association (P@SHA) Senior Vice Chairman Umair Nizam stated that Qatar’s market is increasingly opening up for Pakistani IT firms, thanks to the progress made by Pakistan’s IT industry with the support of SIFC, PSEB, and MoITT.
