According to the State Bank of Pakistan (SBP), country's services sector trade has registered a deficit of $473 million during July compared to $517 million in same period of last fiscal year, depicting a decline of 8.5 percent or $44 million in a month. The detail analysis revealed that during the period under review services sector imports shrank by 5 percent supported by lower travel and transport import bill. Pakistan's services sector import stood at $899 million in the first month of this fiscal year as against $948 million in corresponding period of last fiscal year, down $49 million. Similarly, with $5 million decline services sector exports were $426 million in July 2019 down from $431 million in July 2018.
During July 2019, the country earned $105 million on account of telecommunications and computers services, $62 million from transport, $38 million from travel services, $87 from government goods and services, $9 million through financial services and $117 million on account of other business services. Meanwhile, during the period under review, services payment of transport sector were $322 million, Travel $215 million, $35 million on account of telecommunication and Information services, $29 million as charges for use of intellectual propriety and an amount of $37 million was paid as government goods and services. It may be mentioned here that during the last fiscal year, services trade deficit was narrowed down 30 percent to $4.288 billion with $5.376 billion exports and $9.664 billion imports.