Pakistan’s service exports have reached an impressive milestone, growing to a substantial $7.65 billion during the first 11 months of FY25. This marks an 8.58% increase from the previous year’s figure of $7.04 billion, showcasing a significant upward trajectory in the sector.
The surge in service exports can be attributed to various key factors, with telecommunication, computer, and information services emerging as the primary drivers behind this growth. The Pakistan Bureau of Statistics (PBS) has compiled data highlighting the consistent rise in service exports since February 2024, particularly in segments such as information technology and other business categories.
Despite a slight dip of 6.5% in August 2024, the overall trend showcases a positive outlook for Pakistan’s service export industry. In terms of local currency, the value of service exports saw an increase of 6.94% to Rs2.134 trillion during July–May FY25 compared to Rs1.995 trillion in FY24 for the same period.
“Increased demand for telecommunication, computer, and information services has been a major driving force behind this notable growth,”
stated industry expert Dr. Aisha Ahmed when discussing the recent surge in service exports.
The State Bank of Pakistan reported substantial increases across various service categories during July–May FY25 including a robust 18.62% rise to $3.471 billion for telecommunication, computer, and information services; a solid 6.84% jump to $1.53 billion for other business services; and an impressive growth of 24.89% reaching $878 million for transport services.
However, not all sectors experienced positive growth rates during this period, with travel services witnessing a decline of 4.15%, dropping from $698 million to $669 million compared to the previous year.
Looking back at FY24 statistics reveals that Pakistan’s service exports recorded modest growth totaling $7.80 billion from $7…
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