Services trade deficit shrinks 42.41% in H1

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Islamabad

The country’s services trade deficit contracted by 42.41 percent during the first half (H1) of the current financial year (2020-21) as compared to the corresponding period of last year.
The services trade deficit during July-December (2020-21) was recorded at $977.24 million against the deficit of $1696.80 million in July-December (2019-20), according to the latest data of Pakistan Bureau of Statistics (PBS).

The services exports during the six months under review grew by 0.31 percent and were recorded at $2844.12 million against the exports of $2835.36 million last year.
On the other hand, the imports into the country shrunk by 15.68 percent by falling from $4532.16 million to $3821.36 million, the PBS data revealed.—APP

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