ISLAMABAD – Services sector exports from the country during the month ofOctober, 2019 witnessed about 20.18% increase as compared to thecorresponding month of last year.
The exports of services during the period under review was recorded at$531.07 million as against the exports of $442.27 million of same period oflast year, according the data of Pakistan Bureau of Statistics.
Meanwhile, the imports of services into the country decreased by 4.76%during the month of October as it went down from $732.73 million to$697.84% of same month of last financial year.
The services trade deficit during the month of October, 2019 as shrank by42.58% when it was compared with the same month of last year, the datareveled.
During the period form July-October, 2019, exports of services from thecountry witnessed about 2.36% increase where as imports grew by 1.35%respectively.
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In last four months, services worth $1.749 billion exported as compared theexports of 1.709 billion of the same period of last year, where as importsof services grew by 1.35% as it was stood at $3.117 billion as against$3.075 billion of same period of last year.
On month on month basis, services trade deficit narrowed by 8.28% asexports of services grew by 34.02% and imports grew by 20.72%respectively.—APP
