Pakistan earns US $255m from travel services export in 1st half

Canada Global (Web News) By offering various travel services in numerous nations during the first half of the current fiscal year 2022–23, the nation made US $255.170 million.

According to the Pakistan Bureau of Statistics (PBS), this represents a negative growth of 9.52 percent when compared to the US $282.101 million worth of the same services offered during the same time of the previous fiscal year 2021–22.

Personal travel services saw a 9.85% decline during the study period, falling from US $280.920 million in 2017 to US $253.260 million from July to December 2022.

The exports of personal services fell by 50.62 percent for health-related expenses and by 17.78 percent for education-related expenses.

Also, there was a 9.42 percent decline in other personal services.

According to the PBS data, business service exports increased by 75.23%, from US$1.090 million to US$1.910 million.

It is important to note that the exports of services from the nation increased by 2.77 percent in the first half of the current fiscal year (2022-23) compared to the same time in the previous year, it continued.

Services exported from July to December in 2022–23 totaled US$3526.97 million, a 2.77 percent increase from the US$3431.77 million exported from July to December in 2021–22.

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