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Pakistan’s service exports grow strongly in FY25, despite challenges

Published on: May 9, 2025 7:02 PM

Pakistan’s services exports increased by 9.85% in the first nine months of FY25. The total reached $6.24 billion, up from $5.68 billion last year. The Pakistan Bureau of Statistics reported this growth. The rise is mainly due to higher demand for telecommunications, computer, and information services. However, there was a 6.50% drop in travel services exports in August 2024. Despite this dip, overall export growth remains positive.

In rupees, services exports grew by 7.41%. They totaled Rs1.734 trillion during July-March 2025. This is higher than Rs1.616 trillion in the same period last year. March 2025 saw a 4.89% increase, with exports reaching $743.32 million. This is up from $708.66 million in March 2024. The data shows steady progress in Pakistan’s services sector.

The fastest-growing area is telecommunications, computer, and information services. Exports in this category jumped by 23.68%. During July-March 2025, these services earned $2.825 billion. This is up from $2.284 billion last year. Other business services grew by 2.07% to $1.229 billion, while transport services increased by 31.56% to $742 million.

On the downside, travel services declined by 2.83%, totaling $549 million. Despite this, Pakistan’s overall services exports rose. Last year, exports increased by 2.77% to $7.8 billion. Pakistan also ranked second globally for freelancers. Its IT products now reach 170 countries. The government introduced new rules to help freelancers and attract more foreign currency. It aims for $15 billion in IT exports over five years.

Meanwhile, services imports increased by 6.89% in March 2025, reaching $970.14 million. Over nine months, imports grew by 8.74% to $8.552 billion. This was mainly due to higher transport and travel payments. Transport services rose by 2.78% to $3.653 billion. Travel payments increased by 9.45% to $1.876 billion. Therefore, Pakistan’s services trade deficit grew by 6.27% to $2.317 billion. The deficit in March 2025 also rose by 14.03% to $226.82 million.

Filed Under: Business Tagged With: first nine months of FY25, increased by 9.85%, Pakistan Bureau of Statistics, Pakistan’s services exports, total reached $6.24 billion

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