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

News Image

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

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 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,655.00 60,655.00
59,790.00
660.00
1.10%
BRENT CRUDE 73.08 75.13
71.38
-2.18
-2.90%
RICHARDS BAY COAL MONTHLY 103.50 0.00
0.00
0.25
0.24%
ROTTERDAM COAL MONTHLY 113.35 114.25
113.00
-0.05
-0.04%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 70.24 71.86
68.56
-1.68
-2.34%
SUGAR #11 WORLD 14.55 14.68
14.02
0.45
3.19%

Chart of the Day


Latest News
June 27, 2026 at 01:35 AM GMT+05:00

Govt keeps petrol, diesel unchanged


June 26, 2026 at 09:43 PM GMT+05:00

Weekly Market Roundup


June 25, 2026 at 08:52 PM GMT+05:00

Banks extend hours for tax payments until June 30


June 25, 2026 at 08:40 PM GMT+05:00

SBP declares July 1 a Bank Holiday


June 25, 2026 at 08:29 PM GMT+05:00

Gold hovers around $4,000, silver below $60



Top 5 things to watch in this week

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