Pakistan’s services sector has shown strong momentum in the current fiscal year, with exports rising significantly in the first eight months.
The latest data highlights robust growth led by the IT sector, even as monthly figures show slight fluctuations.
Services exports increased by 18.40% during the first eight months (July to February) of the current fiscal year, according to official data.
The total volume of services exports reached $6.46 billion, compared to $5.46 billion during the same period last year. This marks an increase of over $1 billion, reflecting improved performance across multiple sectors.
IT exports lead surge
A major contributor to this growth was the IT sector, which continued its upward trajectory.
IT exports recorded a 19.71% increase, reaching a record $2.97 billion during the eight-month period. This represents a rise of approximately $490 million compared to the previous fiscal year.
The IT export category includes services related to telecommunications, computers, and information technology, all of which contributed to the overall increase.
Other services also contribute
In addition to IT, several other sectors played a role in boosting services exports.
These include manufacturing services, transport, travel, construction, insurance, and financial services, according to the Pakistan Bureau of Statistics. The diversified contribution indicates broader growth across the services economy.
Despite the overall positive trend, services exports saw a decline in February 2026. Exports dropped by 8.38%, falling from $879 million in January to $811 million in February. This indicates short-term volatility, even as the long-term trajectory remains upward.
Overall outlook remains positive
The consistent increase in services exports, particularly driven by IT, highlights Pakistan’s growing footprint in the global services market.
While monthly fluctuations persist, the overall performance during the fiscal year suggests strong potential for further expansion, especially in digital and technology-driven sectors.
