Service sector trade deficit clocks in at $126m
MG News | July 18, 2025 at 03:13 PM GMT+05:00
July 18, 2025 (MLN): The service sector of Pakistan posed a trade deficit of $126
million in June, reflecting an decrease of 7.19% MoM, as compared to a deficit
of $139m 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 $477m in trade of services in the Same Period Last Year (SPLY).
Details made available by SBP further revealed that the
exports of services in June went up by 12.4% YoY to $725m compared to $645m in June
2024.
Similarly, on a month wise basis, exports fell by 0.82% MoM
compared to the figures for May 2025.
Cumulatively in 12MFY25, services exports dropped by 15.7%
YoY to $2.62bn compared to exports of $3.11bn in 12MFY24.
Amongst the total exports in the review month,
Telecommunications, Computer, and Information Services made the largest
contribution with an amount of $338m in June, witnessing an increase of 13.8%
YoY compared to exports in SPLY.
Meanwhile, Other Business Services held the second position,
bringing $135m in June into the country.
On a sequential basis, other business services fell by 10%
MoM compared to exports of $150m in May 2025.
Furthermore, the export of transport and travel services
contributed an amount of $88m and $52m, respectively in the review period.
The imports of services during the year amounted to $851m,
which dropped by 24.1% YoY compared to imports worth $1.12bn in SPLY.
On a monthly basis, imports have decreased compared to $870m
recorded in the previous month.
Going forward, the imports during 12MFY25, stood at $11.01bn,
up by 1.97% YoY compared with the number during 12MFY24.
Amongst the total imports, the largest expenditure was
incurred on Transport for an amount of $372m, witnessing a rise of 2.4% YoY and
0.5% MoM.
The Travel services cost the country around $140m, recording
an increase of 6.06% YoY and 24.3% MoM.
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