Service sector trade deficit clocks in at $172m

MG News | June 17, 2025 at 12:35 PM GMT+05:00
June 17, 2025 (MLN): The service sector of Pakistan posed a trade deficit of $172
million in May, reflecting a decline of 8.02% MoM, as compared to a deficit of
$187m 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 $231 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 1.56% YoY to $716m compared to $705m in
May 2024.
Similarly, on a month wise basis, exports rose by 0.14% MoM
compared to the figures for April 2025.
Cumulatively in 11MFY25, services exports up by 8.54% YoY to
$7.648bn compared to exports of $7.04bn in 11MFY24.
Amongst the total exports in the review month,
Telecommunications, Computer, and Information Services made the largest
contribution with an amount of $329m in May, witnessing a decrease of 0.9% YoY
compared to exports in SPLY.
Meanwhile, Other Business Services held the second position,
bringing $150m in May into the country.
In terms of growth, receipts from the exports of this
section went up by 20.97% YoY compared to $124m in the same period last year.
On a sequential basis, other business services dropped by
1.32% MoM compared to exports of $152m in April 2025.
Furthermore, the export of transport and travel services
contributed an amount of $77m and $49m, respectively in the review period.
The imports of services during the year amounted to $888m,
which rose by 5.13% YoY compared to imports worth $936m in SPLY.
On a monthly basis, imports have decreased compared to $902m
recorded in the previous month.
Going forward, the imports during 11MFY25, stood at $10.31bn,
up by 6.58% YoY compared with the number during 11MFY24.
Amongst the total imports, the largest expenditure was
incurred on Transport for an amount of $385m, witnessing an increase of 6.94%
YoY and 1.32% MoM.
The travel services cost the country around $185m, recording a decline of 24.62% YoY and 30.99% MoM.
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