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$286mn, up by 34% YoY while down by 4% MoM in Jul-2024. These monthly IT exports in Jul-2024 are higher than last 12-month average of US$269mn.</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>Pakistani IT companies are active in engaging with global clients. Recently leading IT companies of Pakistan attended London Tech Week 2024 and Collision Canada 2024. Companies presence at the event was supported by IT representative bodies and Government of Pakistan.</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$286mn, up by 34% YoY while down by 4% MoM in Jul-2024. These monthly IT exports in Jul-2024 are higher than last 12-month average of US$269mn.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.Pakistani IT companies are active in engaging with global clients. Recently leading IT companies of Pakistan attended London Tech Week 2024 and Collision Canada 2024. Companies presence at the event was supported by IT representative bodies and Government of Pakistan.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: Jul-24 IT Exports up by 34% YoY to US$286mn