External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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<ul><li>Pakistan recorded monthly IT exports of US$338mn in Jun-2025, up by 14% YoY and by 3% MoM.</li><li>This takes FY25 IT exports to US$3.8bn, up by 18% YoY compared to FY24 growth of 24% and 10-Year CAGR of 17%.</li><li>According to channel checks from IT industry, exports are expected to grow by 10-15% in FY26.</li></ul>

Pakistan recorded monthly IT exports of US$338mn in Jun-2025, up by 14% YoY and by 3% MoM.This takes FY25 IT exports to US$3.8bn, up by 18% YoY compared to FY24 growth of 24% and 10-Year CAGR of 17%.According to channel checks from IT industry, exports are expected to grow by 10-15% in FY26.

Pakistan Technology - IT Exports In Jun-25 Up By 14% YoY To Record US$338mn; FY25 Exports Up By 18% YoY To US$3.8bn

<ul><li>Pakistan recorded monthly IT exports of US$329mn in May-2025, down by 1% YoY while up by 4% MoM.</li><li>The 11MFY25 IT exports reached ~US$3.5bn, a 19% YoY increase, driven by factors such as growing global client base and policy changes by the State Bank of Pakistan.</li><li>Net IT Exports in May-2025 recorded a monthly figure of US$294mn, showing a 1% YoY and 2% MoM increase.</li></ul>

Pakistan recorded monthly IT exports of US$329mn in May-2025, down by 1% YoY while up by 4% MoM.The 11MFY25 IT exports reached ~US$3.5bn, a 19% YoY increase, driven by factors such as growing global client base and policy changes by the State Bank of Pakistan.Net IT Exports in May-2025 recorded a monthly figure of US$294mn, showing a 1% YoY and 2% MoM increase.

Pakistan Technology - IT Exports in May-25 Down by 1% YoY to Record US$329mn

<ul><li>Pakistan recorded monthly IT exports of US$317mn in Apr-2025, up by 2% YoY, marking the 19th consecutive month of YoY IT export growth.</li><li>This takes 10MFY25 IT exports to US$3.1bn, up by 21% YoY, driven by global client base growth and increased foreign currency retention limits.</li><li>The State Bank of Pakistan's new category of Equity Investment Abroad (EIA) for IT companies will further boost confidence to remit proceeds back to Pakistan.</li></ul>

Pakistan recorded monthly IT exports of US$317mn in Apr-2025, up by 2% YoY, marking the 19th consecutive month of YoY IT export growth.This takes 10MFY25 IT exports to US$3.1bn, up by 21% YoY, driven by global client base growth and increased foreign currency retention limits.The State Bank of Pakistan's new category of Equity Investment Abroad (EIA) for IT companies will further boost confidence to remit proceeds back to Pakistan.

Pakistan Technology - IT Exports in Apr-25 up by 2% YoY to Record US$317mn

<ul><li>Pakistan recorded monthly IT exports of US$305mn in Feb-2025, up by 19% YoY while down by 3% MoM. These monthly IT exports in Feb-2025 are lower than last 12-month average of US$307mn. This is the 17th consecutive month of YoY IT export growth, starting from October 2023.</li><li>This takes 8MFY25 IT exports to US$2.48bn, up by 26% YoY.</li><li>Export proceeds per day were recorded at US$16.1mn for Feb-25 vs. US$13.6mn in Jan-25. Lower MoM exports are mainly due to lower number of days in Feb-25.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan recorded monthly IT exports of US$305mn in Feb-2025, up by 19% YoY while down by 3% MoM. These monthly IT exports in Feb-2025 are lower than last 12-month average of US$307mn. This is the 17th consecutive month of YoY IT export growth, starting from October 2023.This takes 8MFY25 IT exports to US$2.48bn, up by 26% YoY.Export proceeds per day were recorded at US$16.1mn for Feb-25 vs. US$13.6mn in Jan-25. Lower MoM exports are mainly due to lower number of days in Feb-25.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Technology - IT Exports in Feb-25 up by 19% YoY to Record US$305mn

<ul><li>Pakistan recorded monthly IT exports of US$313mn in Jan-2025, up by 18% YoY while down by 10% MoM. These monthly IT exports in Jan-2025 are higher than last 12-month average of US$303mn. This is the 16th consecutive month of YoY IT export growth, starting from October 2023.</li><li>This takes 7MFY25 IT exports to US$2.18bn, up by 27% YoY.</li><li>Export proceeds per day were recorded at US$13.6mn for Jan-25 vs. US$16.6mn in Dec-24.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan recorded monthly IT exports of US$313mn in Jan-2025, up by 18% YoY while down by 10% MoM. These monthly IT exports in Jan-2025 are higher than last 12-month average of US$303mn. This is the 16th consecutive month of YoY IT export growth, starting from October 2023.This takes 7MFY25 IT exports to US$2.18bn, up by 27% YoY.Export proceeds per day were recorded at US$13.6mn for Jan-25 vs. US$16.6mn in Dec-24.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Technology - IT Exports in Jan-25 up by 18% YoY to Record US$313mn

Pakistan

Systems Ltd is a software and technology service company. The Company focuses on the finance and apparel industry in the United States. Systems operates in Pakistan and worldwide.

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Systems Limited (SYS PK)

Pakistan Technology - IT Exports In Jun-25 Up By 14% YoY To Record US$338mn; FY25 Exports Up By 18% YoY To US$3.8bn

Pakistan recorded monthly IT exports of US$338mn in Jun-2025, up by 14% YoY and by 3% MoM. This takes FY25 IT exports to US$3.8bn, up by 18% YoY...

Topline Securities

Pakistan Technology - IT Exports in May-25 Down by 1% YoY to Record US$329mn

Pakistan recorded monthly IT exports of US$329mn in May-2025, down by 1% YoY while up by 4% MoM. The 11MFY25 IT exports reached ~US$3.5bn, a 19%...

Topline Securities

Pakistan Technology - IT Exports in Apr-25 up by 2% YoY to Record US$317mn

Pakistan recorded monthly IT exports of US$317mn in Apr-2025, up by 2% YoY, marking the 19th consecutive month of YoY IT export growth. This takes...

Topline Securities

Pakistan Technology - IT Exports in Feb-25 up by 19% YoY to Record US$305mn

Pakistan recorded monthly IT exports of US$305mn in Feb-2025, up by 19% YoY while down by 3% MoM. These monthly IT exports in Feb-2025 are lower...

Topline Securities

Pakistan Technology - IT Exports in Jan-25 up by 18% YoY to Record US$313mn

Pakistan recorded monthly IT exports of US$313mn in Jan-2025, up by 18% YoY while down by 10% MoM. These monthly IT exports in Jan-2025 are higher...

Topline Securities

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