Pakistan’s export of services jumps to $6.3 billion

Pakistan’s export of services grew 17.71 percent in the first 11 months of 2021-22, according to the data released by the country’s Bureau of Statistics on Monday.

In absolute terms, the value of export of services reached $6.318bn between July-May 2021-22 from $5.367bn over the corresponding months of last year, reports Dawn.

The export of services grew by 9.38pc to $514.11m in May against $470.02m in the same month last year. However, on a month-on-month basis, the export of services increased by 19.93pc. The trend showed that exports of services slowed down in May, which is not a good indicator.

The highest-ever growth in export of IT-related services pushed up the overall figure.

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