Pakistan’s exports of services have risen to $7.129 billion during a period of 11 months.

According to figures from the Pakistan Bureau of Statistics (PBS), the exports of services during July-May 2023-24 amounted to $7.129 billion, compared to $7.004 billion during the same period last year.

During the specified time frame, the country experienced a 16.93 percent increase in service imports, reaching a total of $9.229 billion. This is in comparison to the previous year’s import value of $7.892 billion.

In May 2024, the country’s services exports increased by 7.90 percent compared to the same month last year.

Pakistan exported services of $687.91 million in May 2024, which is an increase compared to the $637.54 million exported in the same month of the previous year.

During the specified period, the imports of services in Pakistan experienced a decline of 10.11 percent, amounting to $881.04 million compared to $980.17 million.

In May 2024, compared to April 2024, there was a 6.48 percent increase in services exports and a 5.76 percent increase in imports.

In May 2024, services exports amounted to $687.91 million, an increase over the previous month’s exports of $646.03 million. Imports, on the other hand, totaled $881.04 million, up from the previous month’s imports of $833.06 billion.