Services’ exports up by 90pc during Feb

The exports of services from the country increased by 90.31 per cent during February 2017, as compared to the exports of the same month during the last year.

The export of services during February 2017 were recorded at $668.33 million, as compared to the exports of $351.18 million during February 2016, according to the latest data issued by the Pakistan Bureau of Statistics (PBS).

Imports into the country during the month also increased from $563.82 million to $650.92 million, showing a growth of 15.45 per cent.

On a month-on-month basis, the exports of services from the country increased by 95.10 per cent during February 2017, as compared to the exports of $342.55 million during January 2017.

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The imports of services into the country also increased by 5.92 per cent during February 2017, as compared to the imports of $614.52 million in January 2017.

The overall exports of services from the country during the first eight months of the current fiscal year 2016-17 was recorded at $3528.83 million, as compared to the exports of $3637.33 million during the corresponding period of last year, showing a decline of 2.98 per cent.

The imports into the country increased by 1.35 per cent during July-February 2016-17, as compared to the imports of the same period during last year.

The services’ imports during the first eight months of the year were recorded at $5514.51 million, as compared to the imports of $5440.99 million.

Based on the figures, the services trade deficit during the period under review was recorded at $1985.68 million, as compared to the deficit of $1803.66 million during last year, showing a growth of 10.09 per cent.

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