External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Software / Thematic (Sector/Industry)

<ul><li>Pakistan recorded monthly IT exports of US$298mn, up by 27% YoY and by 4% MoM in Aug-2024. These monthly IT exports in Aug-2024 are higher than last 12-month average of US$275mn.</li><li>YoY jump in IT exports is due to (1) IT export companies growing client base globally, especially in GCC region, (2) relaxation in the permissible retention limit by the State Bank of Pakistan, increasing it from 35% to 50% in the Exporters' Specialized Foreign Currency Accounts, and (3) stability in PKR encouraging IT exporters to bring higher portion of profits back to Pakistan.</li><li>MoM increase in IT exports is due to higher number of working days in August (21) compared to July (20). Export proceeds per day were recorded at US$14.2mn for August vs. US$14.3mn in July.</li></ul><p><em>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.</em></p>

Pakistan recorded monthly IT exports of US$298mn, up by 27% YoY and by 4% MoM in Aug-2024. These monthly IT exports in Aug-2024 are higher than last 12-month average of US$275mn.YoY jump in IT exports is due to (1) IT export companies growing client base globally, especially in GCC region, (2) relaxation in the permissible retention limit by the State Bank of Pakistan, increasing it from 35% to 50% in the Exporters' Specialized Foreign Currency Accounts, and (3) stability in PKR encouraging IT exporters to bring higher portion of profits back to Pakistan.MoM increase in IT exports is due to higher number of working days in August (21) compared to July (20). Export proceeds per day were recorded at US$14.2mn for August vs. US$14.3mn in July.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: Aug-24 IT Exports up by 27% YoY to US$298mn