Pakistan’s services deficit halved in September

October 20, 2025 (MLN): The service sector of Pakistan posed a trade deficit of $198 million in September, reflecting a decline of 57.14% MoM, as compared to a deficit of $462m 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 $302 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 September went up by 20.39% YoY to $797m compared to $662m in September 2024.

Similarly, on a month-wise basis, exports rose by 17.73% MoM compared to the figures for August 2025.

Cumulatively in 3MFY26, services exports climbed by 14.78% YoY to $2.198bn compared to exports of $1.915bn in 3MFY25.

Amongst the total exports in the review month, Telecommunications, Computer, and Information Services made the largest contribution with an amount of $366m in September, witnessing an increase of 25.34% YoY compared to exports in SPLY.

Meanwhile, Other Business Services held the second position, bringing $172m into the country.

In terms of growth, receipts from the exports of this section went up by 33.33% YoY compared to $129m in the same period last year.

On a sequential basis, other business services surged by 11.69% MoM compared to exports of $154m in August 2025.

Furthermore, the export of transport and travel services contributed an amount of $68m and $66m, respectively, in the review period.

The imports of services during the year amounted to $995m, which rose by 3.22% YoY compared to imports worth $964m in SPLY.

On a monthly basis, imports have decreased compared to $1.139bn recorded in the previous month.

Going forward, the imports during 3MFY26 stood at $3.129bn, up by 11.15% YoY compared with the number during 3MFY25.

Amongst the total imports, the largest expenditure was incurred on Transport for an amount of $452m, witnessing a decrease by 9.33% YoY, while it went up by 1.49% MoM.

The Travel services cost the country around $280m, recording an increase of 29.41% YoY and 53.49% MoM.

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