The services tradelinkdeficitof Pakistan has contracted by 42.41 percent during the first half of thecurrent fiscal year (2020-21).
According to the latest data by the Pakistan Bureau of Statistics (PBS) ascompared to the corresponding period of the last fiscal year, servicestrade deficit of the country contracted by 42.41 percent.
The services trade deficit during July-December (2020-21) was recorded at$977.24 million against the deficit of $1696.80 million in July-December(2019-20), according to the latest data of Pakistan Bureau of Statistics(PBS).
The services exports during the six months under review grew by 0.31percent and were recorded at $2844.12 million against the exports of$2835.36 million last year.
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The imports into the country shrunk by 15.68 percent by falling from$4532.16 million to $3821.36 million, the PBS data revealed.
Meanwhile, on year-on-year basis, the services exports from the countryincreased by 13.97 percent and were recorded at $627.99 million in December2020 against the exports of $551 million in December 2019.
