Daily Times

Pakistan earned US $106.045 million by providing different travel services in various countries during the first two months of the current fiscal year 2023-24. This shows growth of 24.58 percent as compared to the US $85.120 million worth same services provided during the corresponding months of the last fiscal year 2022-23, the Pakistan Bureau of Statistics (PBS) reported. During the months under review, personal travel services increased by 23.53 per cent, from US $84.620 million last year to US $104.535 million during July-August 2023. Among these personal services, the exports of health-related expenditure rose by 462.16 per cent while the education-related expenditure increased by 57.53 per cent. In addition, the other personal services witnessed a growth of 20.97 per cent. Meanwhile, the exports of business services grew by 202 per cent, from US$ 0.500 million to US$ 1.510 million, the PBS data revealed. It is pertinent to mention here that the exports of services during July-September 2023 were recorded at US$ 1,707.31 million against the exports of US$ 1,717.21 million in July-September 2022, showing a nominal decline of 0.58 per cent. The imports of the country surged by 18.10 per cent, growing from US$ 2,028.13 million last year to US$ 2,395.30 million during the months under review.