Pakistan’s trade deficit in services drops by 54% YoY in September

News Image

By MG News | October 21, 2020 at 11:26 AM GMT+05:00

0:00

October 21, 2020 (MLN): Pakistan’s trade deficit in services stood at $77 million during the month of September, signifying an increase of 6% as compared to the previous month and 20% as compared to the same period of last year.

Likewise, the deficit during the quarter Jul-Sep of the ongoing Fiscal Year was recorded at $539 million, which is around 6% lower than the same quarter of previous year.

According to the latest figures published by the State Bank of Pakistan, the exports of services during the month amounted to $463 million, showing an increase of 30% MoM and 13% YoY. Amongst the total exports, Telecommunications, Computer and Information Services made the largest contribution with an amount of $158 million, followed by Government Goods and Services at $115 million.

On the contrary, the imports of services during the month amounted to $540 million, depicting an increase of 18% MoM and 6% YoY. Amongst the total imports, the largest expenditure was incurred on Transport group for an amount of $194 million, followed by the Travel Group at $74 million.

Other major items imported during the month include Telecommunications, Computer, and Information Services ($37 million), Insurance and Pension Services ($20 million) and Government Goods and Services ($17 million).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg