Service sector trade deficit clocks in at $126m

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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