ISLAMABAD, May 8 (UrduPoint / Pakistan Point News - 8th May, 2021 ) :The country's services trade deficit contracted by 52.37 percent during the first three quarter of the current financial year (2020-21) as compared to the corresponding period of last year.
The services trade deficit during July-March (2020-21) was recorded at $1362.53 million against the deficit of $2860.59 million in July-March (2019-20), according to the latest data of Pakistan Bureau of Statistics (PBS).
The services exports during the period under review witnessed increase of 0.61 percent and were recorded at $4371.95 million against the exports of $4345.55 million last year.
On the other hand, the imports into the country shrunk by 20.42 percent by falling from $7206.14 million to $5734.48 million, the PBS data revealed.
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