Pakistan earns $541m from export of travel services in FY 2021-22

ISLAMABAD, (UrduPoint/Pakistan Point News – Aug 31, 2022): Pakistan earned US$541.030 million from exporting different travel services to various countries in the twelve months of fiscal year 2021-22.

This shows an increase of 08% from the US$500.960 million that the same services were provided in the corresponding period of the last fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported.

In the month under review, personal travel services increased by 7.84%, from $498.930 million last year to $538.060 million in July-June 2021-22.

Among these personal services, exports of health-related expenses increased by 60.77% while education-related expenses fell by 14.59%.

In addition, other personal services saw an increase of 8.

20 percent.

Meanwhile, business services exports also increased by 46.31 percent, from US$2.030 million to US$2.970 million, PBS data showed.

It is pertinent to mention here that the country’s service exports witnessed an increase of 17.20% in the fiscal twelve months (2021-22) compared to the corresponding period last year, reported Pakistan Bureau of Statistics (PBS). .

Services exports in July-June (2021-22) were recorded at $6,968.16 million compared to exports of $5,945.47 million in July-June (2020-21).

Imports also increased by 43.52% from $8461.27 million last year to $12143.91 million during the period under review.