Karachi Matters Editor
Pakistan experienced a notable surge in its IT exports during August.
The country’s IT exports reached $298 million, representing a 27% growth compared to previous figures.
Additionally, Pakistan’s current account posted a surplus of $75 million, largely driven by an increase in remittances.
In August, remittances surged by 40%, totaling $2.94 billion, compared to the same period last fiscal year.
the decline in global oil prices also played a role in reducing Pakistan’s import bill, further supporting the positive trend in the current account.
