Pakistan’s information technology exports surged to $413 million in March 2026, marking a 21 percent increase compared to the same month last year, the State Bank of Pakistan (SBP) announced. Meanwhile, IT exports also grew by 13 percent on a month-to-month basis during this period.
The central bank further revealed that net IT exports amounted to $360 million in March, reflecting a 16 percent rise from the previous year. In line with this growth, the government has set an ambitious goal of achieving $5 billion in IT exports for the fiscal year 2026.
In a significant development, the SBP highlighted that the fiscal year 2014 showed a relatively improved macroeconomic outlook, with a noticeable enhancement in the country’s foreign exchange reserves. Inflation remained below initial forecasts but edged up to 8.6 percent during FY14.
Fiscal discipline also improved, with the fiscal deficit recorded at 5.5 percent of GDP, better than the revised target of 6.5 percent. Worker remittances increased by $1.9 billion compared to the previous year, a 13.8 percent rise, which helped mitigate some pressure from the widening trade deficit and other external account challenges.
However, the report underscored that public sector enterprises continued to impose a fiscal burden on the federal government. Additionally, several key economic targets were missed during FY14. Real GDP growth stood at 4.1 percent, below the 4.4 percent target. The agriculture sector expanded by 2.1 percent against a target of 3.8 percent, while the services sector grew by 4.3 percent compared to the 4.6 percent goal. Inflation closed the year at 8.6 percent, slightly above the 8 percent target.
