ISLAMABAD: The country’s services trade deficit contracted by 33.41 percent during the first ten months of the current financial year as compared to the corresponding period of last year. During the period under review country’s services exports declined by 7.60%, whereas services’ imports narrowed by 18.89%, according the trade statistics of the Pakistan Bureau of Statistics (PBS) During the period from July-April (2019-2020), the exports reached to $4.668 billion against the exports of $5.052 billion during the same period of last year, it added. Meanwhile, the services imports witnessed decrease of 18.89 % and went down from $8.982 billion in first ten months to $7.285 billion of the same period of current financial year, it said. Based on the figures, the services trade deficit during the period under review was recorded at $2.617 billion against the deficit of $3.929 during last year, showing decline of 33.41%. On year-on-year basis, the exports from the country decreased by 14.63% during April 2020 as against the exports same month of last year. DNA
