ISLAMABAD – Pakistan’s service sector recorded a trade deficit of $126 million in June 2025, reflecting a decrease of 7.19% compared to the $139 million deficit reported in May 2025, according to the latest data released by the State Bank of Pakistan (SBP). On a year-on-year basis, the service trade deficit has significantly reduced, with the country having reported a deficit of $477 million in the same period last year.
Exports of services in June 2025 rose by 12.4% compared to June 2024, reaching $725 million, up from $645 million in the previous year. However, compared to May 2025, service exports showed a slight decline of 0.82%. Cumulatively, during the 12 months of FY25, services exports fell by 15.7% to $2.62 billion, compared to $3.11 billion in FY24.
Among the key contributors to service exports in June, telecommunications, computer, and information services led the way, bringing in $338 million, a 13.8% increase from June 2024. Other business services came in second, contributing $135 million, though these exports fell by 10% compared to May 2025.
The transport and travel sectors also made significant contributions, with transport services generating $88 million and travel services bringing in $52 million in the review period.
On the import side, Pakistan’s imports of services amounted to $851 million in June 2025, reflecting a 24.1% decrease compared to the same period last year, when imports stood at $1.12 billion. Month-on-month, service imports also saw a decrease from $870 million in May 2025.
Looking at cumulative figures for FY25, imports of services totaled $11.01 billion, marking a 1.97% increase from the previous fiscal year. The largest portion of this expenditure went toward transport services, amounting to $372 million, a rise of 2.4% compared to last year and 0.5% from the previous month. Travel services accounted for $140 million, showing a 6.06% increase year-on-year and a significant 24.3% rise month-on-month.
The data reflects a mixed performance in the service sector, with exports showing growth in certain segments, while the overall service trade deficit narrows, providing a positive outlook for Pakistan’s trade balance in the coming months.
