Service sector trade deficit clocks in at $188m

May 16, 2025 (MLN): The service sector of Pakistan posed a trade deficit of $188 million in April, reflecting an decrease of 13.3% MoM, as compared to a deficit of $217m 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 $220m in trade of services in the Same Period Last Year (SPLY).

Details made available by SBP further revealed that the exports of services in April went up by 9.14% YoY to $716m compared to $656m in April 2024.

Similarly, on a month wise basis, exports fell by 1.37% MoM compared to the figures for March 2025.

Cumulatively in 10MFY25, services exports rose by 9.33% YoY to $6.93bn compared to exports of $6.34bn in 10MFY24.

Amongst the total exports in the review month, Telecommunications, Computer, and Information Services made the largest contribution with an amount of $317m in April, witnessing an increase of 2.25% YoY compared to exports in SPLY.

Meanwhile, Other Business Services held the second position, bringing $152m in April into the country.

In terms of growth, receipts from the exports of this section went up by 46.15% YoY compared to $104m in the same period last year.

On a sequential basis, other business services fell by 1.29% MoM compared to exports of $154m in March 2025.

Furthermore, the export of transport and travel services contributed an amount of $76m and $71m, respectively in the review period.

The imports of services during the year amounted to $904m, which rose by 3.19% YoY compared to imports worth $876m in SPLY.

On a monthly basis, imports have decreased compared to $943m recorded in the previous month.

Going forward, the imports during 10MFY25, stood at $9.43bn, up by 7.8% YoY compared with the number during 10MFY24.

Amongst the total imports, the largest expenditure was incurred on Transport for an amount of $389m, witnessing a rise of 5.9% YoY and 6.8% MoM.

The Travel services cost the country around $205m, recording an decrease of 2.8% YoY and 4.65% MoM.

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