ISLAMABAD, Jul 4 (APP):The e
xports of services d
uring the first eleven months of the fiscal year (2023-24) increased by 1.80 percent as compared to the e
xports of the corresponding period of the last year.
D
uring July-May 2023-24, e
xports of services were recorded at $7.129 billion as against the e
xports of $7.004 billion d
uring the same period of last year, according to the data of the Pakistan Bureau of Statistics (PBS).
D
uring the period under review, the services imports into the country grew by 16.93 percent and it was registered at $9.229 billion as compared to the import of $7.892 billion in the same period last year.
On a year-on-year basis, the services e
xports from the country grew by 7.90 percent in May 2024 as compared to the e
xports of the same month of last year.
In May 2024, services valued at $687.91 million were
exported as compared to e
xports of $637.54 million in the same month of last year.
The imports of services into the country however, decreased by 10.11 percent d
uring the period under review as it was recorded at $881.04 million against $980.17.
On month on month basis, the services e
xports increased by 6.48 percent and imports by 5.76 percent respectively in May 2024 as compared to April 2024.
D
uring May 2024, the services e
xports were recorded at $687.91 million as compared to the e
xports of $646.03 million of the previous month, whereas imp
orts were registered at $881.04 million as compared to the imports of $833.06 billion of last month.
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