STAFF REPORTER
ISLAMABAD The country’s services trade deficit witnessed reduction of 10.16 percent during the first eight months of the current financial year as compared to the corresponding period of last year. During the period under review country’s services exports registered about 5.55% growth, whereas services’ imports reduced by 1.19%, according the foreign trade statistics of the Pakistan Bureau of Statistics (PBS). During the period from July-February (2019-2020), the exports reached to $3.701 billion against the exports of $3.506 billion during the same period of last year, it added. Meanwhile, the services imports witnessed decrease of 1.19 % and went down from $6.136 billion in first eight months to $6.064 billion of same period of current financial year, it said. Based on the figures, the services trade deficit during the period under review was recorded at $2.363 billion against the deficit of $2.630 during last year, showing decline of 10.16%. On year-on-year basis, the exports from the country increased by 6.72% during February 2020 as against the exports same month of last year. The exports during February 2020 were recorded at $457.51 million against the exports of $428.7 million in February 2019