External broker reports(aggregated public sources), Topline Securities

Topline Securities

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<ul><li>Pakistan recorded monthly IT exports of US$324mn, up by 25% YoY while down by 2% MoM in Nov-2024. These monthly IT exports in Nov-2024 are higher than last 12-month average of US$295mn. This is the 14th consecutive month of YoY IT export growth, starting from October 2023.</li><li>This takes 5MFY25 IT exports to US$1.53bn, up by 33% YoY.</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></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$324mn, up by 25% YoY while down by 2% MoM in Nov-2024. These monthly IT exports in Nov-2024 are higher than last 12-month average of US$295mn. This is the 14th consecutive month of YoY IT export growth, starting from October 2023.This takes 5MFY25 IT exports to US$1.53bn, up by 33% YoY.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.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 - Nov-24 IT Exports up by 25% YoY to US$324mn; 5MFY25 exports up by 33% YoY