Pakistan’s services trade with US jump 63.58%

ISLAMABAD: Pakistan’s goods and services trade with the United States (US) witnessed a surplus of 63.58 per cent during the first month of the current financial year 2021/22, compared with the corresponding period of the last year, the data released by the central bank revealed.

The overall exports to the US were recorded at $503.118 million during July 2021/22 against the exports of $337.228 million during July (2020/21), showing a growth of 49.19 per cent, the data showed.

Overall Pakistan’s exports to all countries also witnessed an increase of 19.73 per cent in the first month to $2.257 billion from $1.885 billion.

The imports from the US during the period under review were recorded at $231.166 million against $170.985 million last year, showing an increase of 35.19 per cent in July 2021/22.

The overall imports rose 51.70 per cent to $5.396 billion from $3.557 billion, according to the data.

The trade surplus during the period under review stood at $271.952 million against $166.243 million during the same period of the last year, showing a growth of 63.58 per cent.