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Pakistan spends more than $ 1235 million to import travel services during FY2019-20

2020-09-17 Editor:Website operatorSource:Original


ISLAMABAD - Pakistan has spent US $ 1235.966 million on various travel services for the 2019-20 financial year.

According to a statement issued by the Pakistan Bureau of Statistics (PBS), this represents a decrease of 27.68 percent compared to US $ 1709.030 million spent on provision of service last year (2018-19).

During the month under review, imports of personal travel services fell by 27.07 percent, down from US $ 1662,240 billion last year to $ 1212.266 billion between July and June (2019-20).

Among these personal services, health-related expenditure and education spending decreased by 60.73 percent and 14.94 percent respectively.

In addition, imports of other personal services also sank by 28.05 percent, while religious services saw a slight decrease of 1.47 percent and imports of 36.26 percent.

On the other hand, the imports of business services decreased by 49.35 percent, down from US $ 46.790 million to US $ 23.700 million, according to PBS data.

It is worth mentioning here that the global trade deficit for the financial year (2019-20) decreased by 42.96 percent compared to the same period last year.

During the period from July-June, 2019-20, service delivery decreased by 8.66 percent, while imports fell by 24.25 percent, according to data released by the Pakistan Bureau of Statistics.

Services valued at US $ 5.449 billion were exported during the review period compared to US $ 5.966 billion exports in the same period last year, while imports of services were recorded at US $ 8.284 billion compared to US $ 10.936 billion, data showed.

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