Pakistan sees 90pc increase in travel services’ export in 10 months: PBS

ISLAMABAD: The country earned US$881.25 million by providing different travel services in various countries during the first 10 months of the fiscal year 2022-23, the official news agency reported.

This shows a growth of 90.29 percent as compared to the US$463.1 million worth same services provided during the corresponding period of the fiscal year 2021-22, the Pakistan Bureau of Statistics (PBS) reported.

During the period under review, personal travel services increased by 89.80 percent, from US$460.82 million last year to US$874.64 million during July-April 2023.

Among the personal services, the exports of health-related expenditure surged by 16.23 percent to US$3.580 million from US$3.08 million while the education-related expenditure also rose by 0.32 percent from US$9.43 million to US$9.46 million.

Meanwhile, the PBS data revealed that the exports of business services grew by 189.91 percent, from US$2.28 million to US$6.61 million.

It is pertinent to mention here that the exports of services from the country, witnessed an increase of 1.46 percent during the first 10 months of the current financial year (2022-23) as compared to the corresponding period of last year, it added.

The exports of services during July-April (2022-23) were recorded at US$6,009.87 million against the exports of US$5,923.19 million during the same period of last year.

The imports of the country witnessed a decline of 39.70 percent, falling from US$10,635.72 million last year to US$6,413.32 million during the period under review.