Pakistan earns US $157m from travel services’ export in Jul-Sep

Pakistan earns US $157m from travel services' export in Jul-Sep

ISLAMABAD, Nov 28 (APP): Pakistan earned US $157.075 million by providing different travel services in various countries during the first three months of the current fiscal year 2023-24.

This shows growth of 27.72 percent as compared to the US $122.890 million worth same services provided during the corresponding months of the last fiscal year 2022-23, the Pakistan Bureau of Statistics (PBS) reported.

During the months under review, personal travel services increased by 26.19 per cent, from US $122.240 million last year to US $154.255 million during July-September 2023.

Among these personal services, the exports of health-related expenditure rose by 529.17 per cent while the education-related expenditure increased by 49.19 per cent.

In addition, the other personal services witnessed a growth of 23.69 per cent.

Meanwhile, the exports of business services grew by 281.08 per cent, from US$ 0.740 million to US$ 2.820 million, the PBS data revealed.

It is pertinent to mention here that the exports of services during July-September 2023 were recorded at US$ 1,707.31 million against the exports of US$ 1,717.21 million in July-September 2022, showing a nominal decline of 0.58 per cent.

The imports of the country surged by 18.10 per cent, growing from US$ 2,028.13 million last year to US$ 2,395.30 million during the months under review.

APP Services