External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Pakistan recorded highest-ever monthly IT exports of US$386mn in Oct-25, up 17% YoY and 5% MoM.</li><li>This takes 4MFY26 IT exports to US$1.4bn, up 20% YoY.</li><li>While the government has set a target of US$5bn for FY26, we expect IT exports to grow by 18-20% during the year to US$4.5bn vs. FY25 exports of US$3.8bn.</li></ul>

Pakistan recorded highest-ever monthly IT exports of US$386mn in Oct-25, up 17% YoY and 5% MoM.This takes 4MFY26 IT exports to US$1.4bn, up 20% YoY.While the government has set a target of US$5bn for FY26, we expect IT exports to grow by 18-20% during the year to US$4.5bn vs. FY25 exports of US$3.8bn.

Pakistan Technology - IT Exports Hit All-Time High Of US$386mn In Oct-25; 4MFY26 Exports Up By 20% YoY