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Pakistan earns $2.98 billion from export of services

Pakistan earned $2,986.26 million by exporting various services from July to November period of the current fiscal year, Pakistan Bureau of Statistics (PBS) reported.

The export of services during the same period of last year was recorded at $3,089.23 million, showing a decline of 3.33 percent during the first five months of the current fiscal year. The services’ imports into the country increased by 20.67 percent by going up from $3,406.86 million last year to $4,110.33 million during the first five months of current fiscal year. Based on the figures, the services’ trade deficit widened by 254.51 percent during the period under review by going up from $317.07 million last year to $1,124.06 million this year.