The exports of services increased by 2 percent during the first two months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
The services exports during July-August (2023-24) were recorded at $1,135 million as compared to the exports of $1,112 million during July-August (2022-23).
The services’ imports into the country also increased by 24.69 percent by going up from $1,281 million last year to $1,598 million during the first two months of current fiscal year. Based on the figures, the services’ trade deficit increased by 174.22 percent during the period under review by going up from $168 million last year to $463 million this year.—APP
