Monday, October 3, 2022

Pakistan freelancers earned $397M in 2021-22

For the fiscal year 2021-22, freelancers in Pakistan added $377.328 million to the country’s export revenue. This is a 3.74 percent increase over the previous year. IT exports are worth $265.44 billion, which brings the total value of all exports to $131.88 million. Because of this, the total value of all exports has gone up to more than $365.44 billion. Which is a new all-time high.

From March 2021 to March 2022 (Pakistan fiscal year 2020-21), people who worked for themselves (Freelancers) in the global market made a total of $38,215,000,000. This one number shows how much all of these sums add up.

The next year, this number went up and reached $396,243,000,000, which was a 100% increase from the previous year’s value. Out of all the money made from exports, 363.064%, or $363.064M, came from the information technology industry. While the other sectors only brought in 33.179M or 7%.

Putting the two fiscal years side by side shows that IT exports dropped by a shocking 268.8% in 2021–22 compared to the previous year.

During the fiscal year 2021-22, exports that had nothing to do with IT grew at an incredible rate of 297,492%.

During the fiscal year 2021-22, independent contractors in Pakistan sent $265,444,000 in ICT export remittances. It’s a good idea to check out this place because you might find something else interesting there. This was worth a total of $2.616 billion, or 14.7% of the money that ICT exports brought back to the country.

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