Service sector trade deficit increases by 61% MoM in August

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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