The Pakistan Bureau of Statistics (PBS) revealed that service exports from the country increased by 17.07 percent in the first three quarters of the current fiscal year (2021-22) compared to the same period previous year.

Services exports from July to March (2021-22) totaled $5,156.10 million, up 17.07 percent from $4,404.24 million in July to March (2020-21).

Imports of services increased by 31.33 percent during the period under review, rising from US $ 6,347.08 million last year to US $ 8,335.39 million.

According to the numbers, the services trade deficit was US $ 3,179.29 billion this fiscal year, up from US $ 1,942.84 billion the previous fiscal year, a 63.64 percent rise.

On a year-over-year basis, services exports increased by 20.19 percent to US $ 668.29 million in March 2022, compared to US $ 556.03 million in March 2021.

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