SERVICES TRADE DEFICIT UP BY 34 PERCENT ON ABSENCE OF CSF INFLOWS

RECORDER REPORT%D%AKARACHI: In the absence of Coalition Support Fund (CSF) inflows, the country's services trade deficit continued to move up and swelled by 34 percent during the first half of this fiscal year (FY17).
31 Jan, 2017

Meanwhile, transportation payments (imports) stood at $1.723 billion, travel $799 million, telecommunication $198 million, financial sector $122 million, insurance $131 million, some $120 million charges for use of intellectual property and an amount of $307 million was paid as government services were paid. Month-on-month basis, during December 2016, services trade registered a $322 million deficit with $482 million exports and $804 million imports.

Copyright Business Recorder, 2017

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