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Exports of govt services dip 20pc

Exports of govt services dip 20pc

ISLAMABAD: Pakistan’s exports of government services dropped by nearly 20 per cent year-on-year to $1.78 billion during the first 10 months (July to April) of the outgoing fiscal year, the Pakistan Bureau of Statistics said on Monday.

As a result, the share of government services in total service exports dipped to 40pc during the period under review from 42.7pc a year ago. The share stood at an all-time high of 52.3pc in 2012-13.

This decline was largely driven by a drop in remittances received by foreign missions in Pakistan, and earnings of Pakistan diplomatic missions abroad. However, growth was witnessed in receipts through international bodies, and in other government services.

Service exports of the transport sector, whose share was the second biggest in overall proceeds, plunged 33.5pc to $770.5 million in July-April FY16 from $1.2bn a year earlier.

The fall in exports proceeds of transport services was because of decline in sea and air transport services. However, an increase was witnessed in the earnings of road transport during the period under review. Travel sector’s earnings grew 5pc year-on-year to $260.3m in July-April FY16 from $247.4m.

Exports of other business services including research and development, management consulting services, technical trade-related and other business services rose 20pc to $793.7m.

Exports of personal, culture and recreational services skyrocketed 225pc during the period under review. Similarly, charges for the use of intellectual services swelled 223pc in July-April FY16 from a year ago.

The telecommunication, computer and information services edged lower by 10pc. The decline was across the board in hardware consultancy services exports, software consultancy, exports of computer software, and in other computer services.

Construction services exports fell 9pc year-on-year. Exports of financial services dropped by 8pc, insurance and pension services by 24pc and maintenance and repair services by 93pc in the July-April period this fiscal year as compared to the same period of the last year.

Courtesy : Dawn News



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