Service sector trade deficit increases by 61% MoM in August
MG News | September 19, 2025 at 09:56 AM GMT+05:00
September 19, 2025 (MLN): The service sector of Pakistan posed a trade deficit
of $437 million in August, reflecting an increase of 61.25% MoM, as compared to
a deficit of $271m recorded in the previous month, the latest data released by
the State Bank of Pakistan (SBP) showed.
Comparison on a yearly
basis show that the country reported a deficit of $358 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 August went
up by 8.23% YoY to $671m compared to $620m in August 2024.
Conversely, on a
month wise basis, exports dropped by 7.32% MoM compared to the figures for July
2025.
Cumulatively in
2MFY26, services exports climbed by 11.51% YoY to $1.395bn compared to exports
of $1.251bn in 2MFY25.
Amongst the total
exports in the review month, Telecommunications, Computer, and Information
Services made the largest contribution with an amount of $337m in August,
witnessing an increase of 13.09% YoY compared to exports in SPLY.
Meanwhile, Other
Business Services held the second position, bringing $153m in August into the
country.
In terms of growth,
receipts from the exports of this section went up by 17.69% YoY compared to
$130m in the same period last year.
On a sequential
basis, other business services surged by 3.38% MoM compared to exports of $148m
in July 2025.
Furthermore, the
export of transport and travel services contributed an amount of $62m and $43m,
respectively in the review period.
The imports of
services during the year amounted to $1.108bn, which rose by 13.29% YoY
compared to imports worth $978m in SPLY.
On a monthly basis,
imports have increased compared to $995m recorded in the previous month.
Going forward, the
imports during 2MFY26, stood at $2.103bn, up by 13.37% YoY compared with the
number during 2MFY25.
Amongst the total
imports, the largest expenditure was incurred on Travel for an amount of $423m,
witnessing a decline of 17.31% YoY and 8.51% MoM.
The Transport
services cost the country around $361m, recording a decrease by 4.62% YoY,
while by 0% MoM.
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