Service sector posts trade surplus of $28m in May

June 17, 2026 (MLN):The service sector of Pakistan posed a trade surplus of $28 million in May, reflecting a decline of 15.15% MoM, as compared to a surplus of $33m recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed.

Comparison on a yearly basis shows that the country reported a deficit of $166 m in trade of services in the Same Period Last Year (SPLY).

Details made available by SBP further revealed that the exports of services in May went up by 15.61% YoY to $837m compared to $724m in May 2025.

Conversely, on a month wise basis, exports dropped by 7.41% MoM compared to the figures for April 2026.

Cumulatively in 11MFY26, services exports climbed by 17.35% YoY to $9.097bn compared to exports of $7.752bn in 11MFY25.

Amongst the total exports in the review month, Telecommunications, Computer, and Information Services made the largest contribution with an amount of $373m in May, witnessing an increase of 13.37% YoY compared to exports in SPLY.

Meanwhile, Other Business Services held the second position, bringing $174m in May into the country.

In terms of growth, receipts from the exports of this section went up by 12.99% YoY compared to $154m in the same period last year.

On a sequential basis, other business services dropped by 8.9% MoM compared to exports of $191m in April 2026.

Furthermore, the export of transport and travel services contributed an amount of $69m and $116m, respectively in the review period.

The imports of services during the year amounted to $809m, which rose by 9.1% YoY compared to imports worth $890m in SPLY.

On a monthly basis, imports have decreased compared to $871m recorded in the previous month.

Going forward, the imports during 11MFY26, stood at $11.1bn, up by 6.9% YoY compared with the number during 11MFY25.

Amongst the total imports, the largest expenditure was incurred on Transport for an amount of $360m, witnessing a decline of 11.54% YoY and 2.82% MoM.

The Travel services cost the country around $132m, recording an increase by 118.87% YoY, while went down by 0.85% MoM.

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