Pakistan’s services exports rise 17.68% to $8.27 billion in 10 months of FY26

Pakistan’s services exports increased 17.68% to $8.27 billion during July-April of fiscal year 2025-26, compared with $7.03 billion in the same period last year, according to the latest data released by the Pakistan Bureau of Statistics (PBS). 

The PBS figures showed that higher receipts led to growth in services exports from telecommunications and computer and information services. The exports of telecommunications, computer and information services rose 21.14% to $3.811 billion during July-April FY26 from $3.146 billion in the corresponding period of the previous year.

Government projections indicate that information technology exports are expected to reach between $4.5 billion and $4.6 billion by the end of June.

Other business services generated $1.762 billion in export earnings during first 10 months of FY26, representing 25.41% growth from $1.405 billion recorded a year earlier.

Travel services exports increased 39.52% to $872 million from $625 million, while transport services exports declined 6.88% to $798 million from $857 million.

Services exports reached $914.98 million in April, up 21.71% from $751.75 million in same month last year. On a month-on-month basis, exports increased 0.30%.

Monthly data showed that services exports grew 18.27% in July, 8.41% in August, 14.85% in September and 17.61% in October.

Growth stood at 22.26% in November, 15.94% in December and 31.12% in January, followed by increases of 16.89% in February, 16.17% in March and 21.71% in April.

Pakistan’s services imports, meanwhile, increased 8.56% to $10.310 billion during July-April FY26 from $9.497 billion in corresponding period of previous fiscal year.

Transport services accounted for largest share of imports, rising 6.62% to $4.206 billion from $3.945 billion.

Travel services imports increased 28% to $2.665 billion during period under review, compared with $2.082 billion a year earlier.

In April, services imports fell 2.82% to $888.92 million from $914.74 million in same month last year.

Growth in exports outpaced increase in imports, narrowing Pakistan’s services trade deficit by 17.38% to $2.04 billion during first 10 months of FY26 from $2.47 billion a year earlier.

For full fiscal year 2024-25, Pakistan’s services exports had increased 9.23% to $8.39 billion from $7.68 billion in FY24.

Separately, number of domestic internet connections increased from 1.9 million in 2024 to 5.1 million in 2026. Connections are expected to increase further following recent fifth-generation spectrum auction, which generated $509 million in revenue.