{"id":114601,"date":"2024-10-03T23:45:51","date_gmt":"2024-10-03T18:45:51","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=114601"},"modified":"2024-10-03T16:57:35","modified_gmt":"2024-10-03T11:57:35","slug":"services-trade-up-by-0-13-in-july-august-2024","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/services-trade-up-by-0-13-in-july-august-2024\/","title":{"rendered":"Services\u2019 trade up by 0.13% in July-August 2024"},"content":{"rendered":"<p>ISLAMABAD, Oct 3  :The export of various services witnessed 0.13 percent increase during the first two month (July-August) of the current fiscal year as compared to the corresponding months of last year, Pakistan Bureau of Statistics (PBS) reported.<br \/>\nAccording to the latest PBS data, Pakistan earned $1.252 billion from the export of services during July-August 2024 as compared to services\u2019 export of $1.250 billion in July-August 2023.<br \/>\nOn the other hand, the services\u2019 imports witnessed a decline of 0.45 percent during the months under review and were recorded at $1.724 billion as compared to the import of $1.732 billion in July-August 2023.<br \/>\nBased on the figures, the services\u2019 trade deficit shrank by 1.95 percent during the months under review as compared to the corresponding months of previous year. The services trade deficit was recorded at $471.71 million during current months against the deficit of $481.09 million during same months of last year.<br \/>\nMeanwhile, on year-on-year basis, the exports of services in August 2024 decreased by 6.51 percent to $619.73 million from $662.91 million in August 2023.<br \/>\nOn the other hand, the imports however increased by 2.03 percent by going up from $883.05 million to $900.98 million, according to PBS data.<br \/>\nOn month-on-month basis, the export of services decreased by 2.08 percent in August 2024 when compared to the imports of $632.88 million in July 2024.<br \/>\nThe imports of services witnessed an increase of 9.43 percent in August 2024 compared to imports of $823.33 million in July 2024, PBS reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Oct 3 :The export of various services witnessed 0.13 percent increase during the first two month (July-August) of the current fiscal year as compared to the corresponding months of last year, Pakistan Bureau of Statistics (PBS) reported. According to the latest PBS data, Pakistan [&#8230;]<\/p>\n<p>\n","protected":false},"author":16,"featured_media":114602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-114601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Services\u2019 trade up by 0.13% in July-August 2024<\/title>\n<meta name=\"description\" content=\"Services\u2019 trade up by 0.13% in July-August 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/services-trade-up-by-0-13-in-july-august-2024\/\" \/>\n<meta name=\"twitter:card\" 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