Pakistan, June 17 -- Pakistan's IT exports slightly dropped by 1% year-on-year in May 2025, reaching $329 million. This marks the first yearly decline in 19 months. However, exports rose 4% month-on-month, crossing the 12-month average of $314 million. The daily average in May was $16.5 million, higher than April's $15.9 million. Despite the dip, exports showed steady performance overall.

Over the first eleven months of FY2024-25, total IT exports reached $3.5 billion. This shows a strong 19% increase from last year. The growth came from better global outreach and local policy support. Improved foreign exchange rules and a stable currency encouraged exporters to bring earnings back to Pakistan. The rise in the export retention limit from...