By Ishfaq A Mughal
A
historic move could be seen for liquidity-thrust Pakistan’s economy that its foreign
trade in services entered in surplus due to
skyrocketed-increase in export during December.
The Pakistan Bureau
of Statistics (PBS) released latest provisional data about trade in services of
first half of current fiscal year 2012-13.
The data showed that
during December 2012, exports in services touched $1.207 billion which is the
highest level in any month in history of Pakistan. During the period, Pakistan’s
imports in services slightly decrease by 0.15 percent as compare to November
and remained at $623.97 million. Trade in services was seen in surplus zone and
Pakistan
got $583.17 million narrowed by 295 as compare to November 2012.
According to the
data, trade in services could be seen $26.03 million surplus in first half
(July-December) of the current fiscal year as it was seen $1.336 billion
deficit in corresponding period of the last fiscal year. The country’s export
in services surged by 61 percent to $4.121 billion and import slightly down by
0.57 percent to $3.901billion during the period.
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