Pakistan's Earns $43 Million From Travel Services Export In July 2021

Pakistan earned US $43.985 million by providing different travel services in various countries during the first month of current financial year 2021-22

ISLAMABAD, (UrduPoint / Pakistan Point News - 22nd Sep, 2021 ) :Pakistan earned US $43.985 million by providing different travel services in various countries during the first month of current financial year 2021-22.

This shows growth of 75.59 percent as compared to US $25.050 million same services were provided during the corresponding period of last fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported.

During the month under review, the personal travel services increased by 76.50 percent, from US $24.780 million last year to US $43.895 million during July 2021.

Among these personal services, the exports of personal expenditure also rose by 328.57 percent while the education related expenditure increased by 255 percent.

In addition, the other personal services witnessed an increase of 74.

33 percent.

Meanwhile, the exports of business services decreased by 50 percent, from US $ 0.180 million to US $ 0.090 million, the PBS data revealed.

The country's services trade deficit witnessed decline of 26.35 percent during the first month of current financial year (2021-22) as compared to the corresponding period of last year.

The exports during July 2021 were recorded at US $483 million against the exports of US $454 million, showing growth of 6.39 percent, PBS data revealed.

The imports of the country however witnessed a decline of 7.02 percent from US $769 million in July 2021 to US $715 million.

Based on the figures, the services trade deficit in July 2021 was recorded at US $ 232 million against the deficit of US $ 315 million in July 2020, showing decline of 26.35 percent.