Pakistan has recorded its highest-ever monthly IT exports in October 2025, reaching $386 million. This marks a 17% increase compared to the same month last year and a 5% rise compared to September 2025.
The figure surpasses the average of the last 12 months, which stood at $332 million, and marks the fifth consecutive month of year-on-year (YoY) growth in IT exports, starting from June 2025.
For the first four months of fiscal year 2025-26 (4MFY26), IT exports have accumulated to $1.4 billion, reflecting a 20% increase YoY. In October, daily export proceeds averaged $16.78 million, slightly up from $16.64 million in September.
Net IT exports, calculated by subtracting imports from total exports, reached $335 million in October, reflecting a 12% YoY increase and a 2% month-on-month rise. This figure also exceeds the 12-month average of $292 million.
The government has set an ambitious target of $5 billion for IT exports in FY26. However, projections suggest more conservative growth of 18-20%, leading to an estimated $4.5 billion in total exports by the end of the fiscal year, up from $3.8 billion in FY25. As part of the Uraan Pakistan national economic plan, the government aims to achieve $10 billion in IT exports by FY29, with a compound annual growth rate (CAGR) of 27%.
Analysts attribute October’s robust growth to several factors, including an expanding global client base, particularly in the Gulf Cooperation Council (GCC) region.
Additionally, supportive government measures have played a key role, such as the State Bank of Pakistan’s (SBP) decision to relax the retention limit for Exporters’ Specialised Foreign Currency Accounts (ESFCAs) from 35% to 50%. The introduction of equity investment abroad through these accounts has also provided a boost. The stability of the Pakistani rupee has encouraged IT firms to repatriate a larger portion of their profits.
According to a survey by the Pakistan Software Houses Association (P@SHA), 62% of IT companies are now maintaining specialised foreign currency accounts, and experts believe that the SBP’s equity investment abroad (EIA) facility will further bolster exporter confidence.
