Government says Pakistan’s IT exports hit record monthly high in December

ISLAMABAD: Pakistan’s information technology exports surged to a record $437 million in December, crossing the $400 million mark for the first time on a monthly basis, Finance Adviser Khurram Schehzad said on Monday.

The milestone underscores the growing importance of the tech sector as Pakistan pivots toward export-led growth while emerging from a prolonged economic crisis that strained foreign exchange reserves, widened balance-of-payments pressures, and weakened the currency.

“December 2025 exports reached $437 million — crossing $400 million in a month for the first time ever,” Schehzad said in a post on X. He added that the figure represents 23 percent month-on-month growth from November and 26 percent year-on-year growth compared with December 2024.

For the first half of the current fiscal year, IT exports reached $2.24 billion, up 20 percent from a year earlier, making the sector the largest and most consistent contributor within services exports.

Pakistan is under pressure to rapidly expand exports as part of broader structural reforms under a $7 billion International Monetary Fund (IMF) programme. Earlier this month, Planning Minister Ahsan Iqbal said the country must double exports to $60 billion within four years or risk returning to the IMF.

IT exports have been on a steady upward trajectory, reaching a record $3.8 billion in the 2024–25 financial year, according to official data. The momentum has continued into the current fiscal year, with 19 percent year-on-year growth recorded between July and November, when exports totalled $1.8 billion.

The government views the technology sector as a central pillar for foreign exchange earnings and job creation as Pakistan seeks to consolidate recent macroeconomic gains and attract new investment.