Pakistan’s IT and telecom export earnings fell in May 2026 after reaching a record level in April. However, exports during the first 11 months of FY2025-26 remained strong and kept the sector on track to meet the government’s annual target of $4.5 billion.

According to data released by the State Bank of Pakistan (SBP), IT and telecom export remittances stood at $373 million in May 2026. This was down from the all-time high of $423 million recorded in April, showing an 11.8% month-on-month decline.

Despite the drop, the sector continued to deliver strong growth compared to the same period last year. It also remained one of the best-performing segments within Pakistan’s services exports.

During July-May FY2025-26, Pakistan earned $4.184 billion from IT and telecom exports. In comparison, the sector generated $3.475 billion during the same period of the previous fiscal year. This reflects growth of more than 20% year-on-year.

The latest figures follow a strong recovery in export earnings during March and April. IT exports rose to $413 million in March 2026 from $365 million in February. They increased further in April and reached a record $423 million.

Earlier in the fiscal year, export receipts showed some fluctuations. Earnings fell to $374 million in January from $437 million in December 2025. They declined again to $365 million in February before rebounding sharply over the following two months.

Although exports eased in May, the sector’s overall performance remained positive. Rising global demand for Pakistani software and IT-enabled services continued to support growth. In addition, earnings from freelancing platforms increased, while local technology companies expanded their presence in international markets.

With cumulative exports already crossing $4.18 billion in the first 11 months of FY2025-26, the IT sector remains well positioned to achieve the government’s export target for the fiscal year.