Services trade deficit contracts 43.45pc

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Islamabad

The country’s services trade deficit contracted by 43.45 percent during the fiscal year 2020-21 as compared to the corresponding period of the previous year (2019-20).

The services trade deficit during July-June (2020-21) was recorded at $1875.22 million against the deficit of $3315.97 million in July-June (2019-20), showing decline of 43.45 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).

The services exports during the period under review witnessed increase of 9.19 percent and were recorded at $5937.27 million against the exports of $45437.40 million last year. —APP

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