ISLAMABAD: Pakistan has earned $426.215 million by providing different travel services in various countries during the first 10 months of financial year 2020-21. This shows decrease of 3.77 percent as compared to $442.890 million same services were provided during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) said. During the period under review, the personal travel services decreased by 3.10 percent, from $438.130 million last year to $424.565 million during July-April (2020-21).
Among these personal services, the exports of personal expenditure however, witnessed an increase of 14.63 percent, while the education related expenditure decreased by 9.29 percent.
In addition, the other personal services also dipped by 2.99 percent, out of which religious and other travel services witnessed decline of 93.20 and 2.86 percent respectively.
Meanwhile, the exports of business services also decreased by 65.34 percent, from $4.760 million to $1.650 million, the PBS data revealed. It is pertinent to mention here that the services trade deficit of the country during the first 10 months of financial year (2020-21) decreased by 53.01 percent as compared to the corresponding period of last year. During the period from July-April, 2020-21, services exports however increased by 4.18 percent, whereas imports reduced by 18.20 percent, according the data released by Pakistan Bureau of Statistics.
The services worth $4.896 billion exported during the period under review as compared the exports of $4.699 billion in same period of last year, whereas imports of services into the country was recorded at $6.316 billion as against the imports of $7.722 billion, the data revealed.
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