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Reading: Export of services witnesses growth spurt
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PhotoNews Pakistan > Business > Export of services witnesses growth spurt
Business

Export of services witnesses growth spurt

Web Desk
By Web Desk Published November 14, 2014 1 Min Read
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Pakistan’s export of services witnessed a growth of 72.53 per cent in the first quarter of the current fiscal year from a year ago.

According to data compiled by the Pakistan Bureau of Statistics, export proceeds of services edged up to $1.711 billion between July and September this year from $992.07 million in the corresponding months of last year,

Export of services rebounded after witnessing consecutive decline in the past one year. Last year, export of services fell to $5.256bn between July-June, 2014 as against $6.732bn over the corresponding period of the last year, a decline of over 21pc.

On a monthly basis, export of services witnessed a growth of 94pc in September 2014 from the same month of last year. It showed an increasing trend towards revival of exports.

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