ISLAMABAD: The export earnings from telecommunication, computer and information services grew 29.29 per cent to $2.19bn during July-April 2021-22 against $1.7bn in the same period last year.

Despite improved performance by the IT and telecom sector in the outgoing fiscal year, the sector is less likely to achieve its export target of $3.5bn by the end of June. However, the Economic Survey 2021-22 released on Thursday highlighted that the Ministry of IT and Telecom and all its subordinate departments showed improvements in their performance, and the sector was a significant source of revenue generation for the national exchequer.

From July 2021 to March, the telecom sector contributed around Rs163.3bn to the national exchequer in terms of taxes, regulatory fees, initial and annual license fees, activation tax, and other taxes.

During this period the Personal Data Protection Bill has been approved, to counter rising cyber crimes.

The foreign and local investments in the telecom sector in July-February 2021-22 crossed $930.1m, and the total number of mobile and fixed-line subscriptions reached 194.2 million, with a net addition of 6.7m subscribers compared to the same period of last year.

Published in Dawn,June 10th, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Retracted offer
04 Dec, 2022

Retracted offer

WITH so many U-turns under his belt, it was hardly surprising when on Saturday, PTI chairman Imran Khan decided to...
Embassy attack
Updated 04 Dec, 2022

Embassy attack

The Taliban should have enhanced the existing security arrangements.
Smog season
04 Dec, 2022

Smog season

FOR the past week, major cities of Pakistan have been among the top most polluted cities in the world. Lahore ranked...
Fleeting good news
Updated 03 Dec, 2022

Fleeting good news

Indeed, there is no other option to get out of the economic mess we have created in the last few years.
Battle for spoils
03 Dec, 2022

Battle for spoils

THE spectacle playing out inside a London courtroom shines a light on the struggle for control of the assets of the...
CM Bizenjo’s complaint
03 Dec, 2022

CM Bizenjo’s complaint

BALOCHISTAN Chief Minister Mir Abdul Qudoos Bizenjo’s claim that his province is facing a financial crunch due to ...