Page 95 - SAMENA Trends - July-August 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Pakistan Makes a Record Earnings of US$2615 Million from IT Service

Exports in 2021-22

Pakistan likes its neighboring country India has always been services actually decreased from $1.446 million last year to $0.662
famous for its IT services around the world. Low costs and better million this fiscal year. Other computer software services, however,
human resources push international companies to outsource all of saw a good 7.25 percent increase and rose from $693 million to
their IT services to developing countries. For this reason, Pakistan $743.230 million. IT services have been in high demand lately, and
has seen massive growth in its IT services exports over the years. Pakistan surely is capturing it, IT service exports from Pakistan
Despite the heavy economic recession, this fiscal year 2021- saw an impressive 31.08 percent increase, going up from $3.990
2022 was no different and the IT service export Industry made a million to $5.230 million. News Agency services that come under
record total revenue of around $2,615 million. Now that sure is the IT sector are also highly demanded, and increased by nearly 50
great numbers, but what is even better about it is the fact that this percent, going from $2.304 million to $3.448 million. Other smaller
is a 24% increase from last year’s IT service exports, where the or unrelated Information Technology services also grew by a small
numbers remained at $2,107 million in 2021-21. Pakistan Bureau 5.69 percent, going from $1.686 million to $1.782 million. While
of Statistics (PBS) published detailed findings about the IT industry Pakistan’s local telecom industry might be in deep waters, telecom
and the amount of money each sub-sector namely (Computer service exporters seem to be doing pretty well with an increase
Services, IT Services, Telecom Services and Software Services) of 15.30 percent. The telecommunication export service industry
made in the IT Export industry. Let’s discuss each one of them went from $437.500 million in 2021 to $504.440 in this fiscal year.
and also break them down in detailed statistics. The Pakistan IT Infamous call center services experienced the highest growth of
export industry performed exceptionally well in computer services, 39.43 percent, going from $154.554 million to $215.501 million.
the computer service industry saw an exceptional 26.40 percent Other telecommunication services grew by a small 2.12 percent
growth, overall, the industry grew from a total of $1,666.310 and their revenue also went up from $282.946 million to $288.939
million last fiscal year to $2,106.145 this year. Exports of software during this fiscal year. Despite going through tough financial and
consultancy services were the most prominent in computer political circumstances, the IT export industry not just thrived but
services, witnessing a rise of 43.43 percent, rising from $554.612 also grew by massive percentages. A major reason for this is the
million to $795.480 million. Hardware consultancy services saw fact that the industry is completely dependent on other economies
a whopping 429.58 percent rise, growing from $0.551 million to for work and revenue thus making this industry a gold mine for
$2.918 million. With the passage of time software has become a any unstable or developing economy. An IT export industry not
significant field, it’s almost a gold mine and a brilliant opportunity only stays unaffected by political and financial conditions but
for IT exporting countries like Pakistan. Pakistan’s IT export also helps bring massive foreign currency into the country, thus
industry saw a growth of 34.87 percent in software-related services improving reserves. In a nutshell, you could think of the IT export
this fiscal year. Last year the country made $417.485 million from industry as a great shield against all circumstances, therefore
software services, the amount grew to $563.071 million this time, governments should not only actively invest in the industry but also
which is a good increase nonetheless. Amongst the computer try and increase IT influx in the country.
software service industry, exports of repair and maintenance

Turkcell Maintains Strong Financial Performance in Q2

Turkish telecoms group Turkcell has reported a continuation of million at mid-2022, up from 1.754 million in the same period
strong financial performance trends in the second quarter of 2022, of 2021, while ADSL subscriptions also grew, from 726,000 to
with group revenues leaping 46.0% year-on-year to TRY12.477 741,000. The operator also reported deploying 284,000 new fiber
billion (USD692 million) driven by accelerated ARPU and strong homepasses in 2Q22.
subscription net additions at its core Turkish division, supported by
the contribution of overseas operations and its ‘techfin’ business.
Consolidated EBITDA rose 45.1% y-o-y to TRY5.030 billion in the
three months ending 30 June 2022, giving an EBITDA margin of
40.3% (comparable to 40.5% a year earlier) and quarterly operating
profit (EBIT) climbed 48.0% y-o-y to TRY2.550 billion (an EBIT
margin of 20.4%, compared to 20.2% in 2Q21). Net income in 2Q22
improved by 67.0% y-o-y to TRY1.858 billion. In Turkey, Turkcell’s
post-paid mobile subscriptions excluding M2M reached 20.9
million at end-June 2022, up from 19.9 million twelve months
before, while the pre-paid total stood at 12.1 million (up from 11.7
million). Turkish fiber broadband subscriptions climbed to 1.996

95 JULY-AUGUST 2022