Pakistan earns $419m from exporting travel services in 9 months

Pakistan earned $419.059 million from exporting different travel services to various countries in the first nine months of the current fiscal year 2021-22. This shows a growth of 9.14% from the $383.960 million of the same services provided in the corresponding period last fiscal 2020-21, Pakistan Bureau of Statistics (PBS) reported.

In the month under review, personal travel services climbed 9.11pc from $382.370 million last year to $417.189 million in July-March 2021-22. Among these personal services, exports of health-related expenses increased by 104.10 pc while education-related expenses fell by 8.47 pc. In addition, other personal services rose by 9.25pc. Meanwhile, business services exports also increased by 17.61 percent, from $1.590 million to $1.870 million, PBS data showed. It is pertinent to mention here that the country’s service exports witnessed an increase of 17.07% in the first nine months of the current financial year (2021-22) compared to the corresponding period last year. , Pakistan Bureau of Statistics (PBS) reported.

Services exports in July-March (2021-22) were recorded at $5156.10 million compared to exports of $4404.24 million in July-March (2020-21). Imports also increased by 31.33% from $6347.08 million last year to $8334.39. m during the period under review.