Services exports up by 4.06pc in four months

ISLAMABAD, Dec 12 (APP):The exports of services from the country witnessed growth of 4.06
percent during the first four months of the current fiscal year as compared to
the corresponding period of last year.
The services exports during July-October (2017-18) were recorded at $1663.39
million against the exports of $1598.42 million during July-October (2016-17),
according to the latest data released by Pakistan Bureau of Statistics (PBS).
The imports of services into the country also increased from $3129.48 million last
year to $3323.37 during the current year, showing positive growth of 6.2
percent.
Based on the figures, the services trade deficit during the first four months of the
current fiscal year witnessed growth of 8.42 percent by going up from the deficit
of $1531.06 million last year to $1659.54 million during the current fiscal
year.
Meanwhile, on year-on-year basis, the services exports from the country during the month
of October 2017 increased by 1.50 percent compared to the same month of last
year.
The services exports during October 2017 were recorded at $400.17 million against the
exports of $394.25 million in October 2016, the PBS data revealed.
The imports of services on year-on-year basis also increased by 6.23 percent by going up
from $768.02 million in October 2016 to $815.88 million in October 2017.
On month-on-month basis, the exports of services from the country, however,
witnessed negative growth of 11.07 percent in October 2017 when compared to the
exports of $449.99 during September 2017.
On the other hand, the imports of services into the country expanded by 9.61
percent in October 2017 when compared to the imports of $744.37 million in
September 2017, according to the data of PBS.