ISLAMABAD: Pakistan has earned over $900 million by providing different travel services in various countries during the first eleven months of the fiscal year 2022-23.
According to data issued by the Pakistan Bureau of Statistics (PBS), the country has made a growth of 86.99% as compared to fiscal year 2021-22.
Pakistan — which is going through its worst economic crisis — managed to make $935.172 million in the fiscal year 2022-23 as compared to $500.130 million in 2021-22.
During the period under review, personal travel services increased by 86.48%, from $497.560 million last year to $927.872 million during July-May 2023.
Among the personal services, the exports of health-related expenditure surged by 33.02% to $4.190 million from $3.150 million while the education-related expenditure also rose by 3.64% from $10.170 million to $10.540 million.
Meanwhile, the PBS data revealed that the exports of business services grew by 184.05%, from $2.570 million to $7.300 million.
The exports of services from the country witnessed an increase of 2.78% during the fiscal year 2022-23 as compared to the corresponding period of last year, it added.
The exports of services during July-June from 2022-23 were recorded at $7,300.13 million against the exports of $7,102.35 million during the same period of last year.
The imports of the country witnessed a decline of 38.04%, falling from $12,942.46 million last year to $8,019.58 million during the period under review.
