ISLAMABAD – Pakistan earned $61.850 million by providing differenttransport services in various countries during the first two months ofcurrent financial year (2019-20) as compared to the corresponding period oflast year.
This shows increase of 24.60 percent as compared to $49.003 million earnedthrough provision of services during the corresponding period of fiscalyear (2018-19), Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the exports of sea transport services grewby 47.95 percent, by going up from $1.460 million last year to $2.160million during July-August (2019-20).
Among the sea transport services, the exports of freight services witnesseddecreased of 12.33 percent by declining from $1.460 million last year to$1.280 million whereas the exports of other sea transport servicesincreased by 100 percent to $0.880 million this year, the PBS data revealed.
The exports of air transport services during the period under review alsowitnessed an increased of 44.75 percent by going up from $38.060 millionlast year to $55.090 million.
Among the air transport services, the exports of passengers servicesincreased by 95.77 percent, from $19.400 million to $37.980 million,whereas the exports of freight services decreased by 42.52 percent, from$3.010 million to $1.730 million.
Meanwhile, the exports of road transport services during the period underreview witnessed a decline of 59.27 percent by going down from $8.273million to $3.370 million during this year, it added.
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Among the road transport services, the exports of freight servicesdecreased by 59.27 percent, from $8.273 million to $3.370 million duringcurrent year, while the export of postal and courier services alsodecreased by 63.64 percent, from $1.210 million to $0.440 million, the datarevealed.
It is pertinent to mention here that the country’s merchandise tradedeficit plunged by 34.85 percent during the first three months of thecurrent fiscal year (2019-20) as compared to the deficit of the same monthof last year.
The trade deficit during July-September (2019-20) was recorded at $5.727billion against the deficit of $8.791 billion during July-September(2018-19).The exports increased from $5.374 billion during last year to $5.522billion during the current fiscal year, showing growth of 2.75 percent.
On the other hand, the imports into the country witnessed declined of 20.6percent by falling from $14.165 billion last year to $11.249 billion duringthe current fiscal year, the data revealed.
