Services exports surge 29pc

Dawn reported that Pakistan's services exports climbed 28.89 per cent annually across the opening two months of FY27, with information technology serving as the main engine. Citing Pakistan Bureau of Statistics figures, the paper said growth has been uninterrupted since FY27 began, while goods shipments showed a mixed picture. In value terms, exports reached $1.81 billion in July-August, compared with $1.41bn a year earlier.

August alone recorded $873.01 million, a rise of 28.97 per cent from $676.91 million in the same month last year. Over the same two months, telecom, computer and IT services grew 17.36 per cent to $811 million, according to State Bank figures, while other business services jumped 38.62 per cent to $420 million.

Travel services more than doubled, rising 146.66 per cent to $222 million from $90 million, while transport exports advanced 35.87 per cent to $178 million. Services imports, however, increased 9.77 per cent to $2.37 billion, remaining above exports for the period.