Export of services witness a downward trajectory, Pakistan

Export of services witness a downward trajectory, Pakistan

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ISLAMABAD: The export of services dropped by nearly 44% year-on-year to reach $407.02 million in February, the Pakistan Bureau of Statistics reported on Tuesday.

The export of services has been witnessing this downward trend since a couple of months.

During July-February 2017-18, export of services substantially fell to $3.43 billion from $3.57 billion over the corresponding period of last year. In FY18, Pakistan’s exports of services recorded a growth of 1.76% year-on-year to $5.55 billion.

The imports, on the other hand, posted a growth of 10% to $6.97 billion in July-February of 2018 from $6.33 billion over the corresponding period of 2016-17. On a monthly basis, the imports of services went up 6% to $838.81 million.

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