Exports of services grow 19pc in FY26
ISLAMABAD: Pakistan’s services exports rose by 18.81 per cent in the outgoing FY26, driven largely by higher earnings from the information technology sector, according to official data. The steady expansion of services exports since the start of FY26 contrasts with mixed trends in merchandise shipments. Data compiled by the Pakistan Bureau of Statistics showed that services exports increased to…
Pakistan's services exports experienced a notable surge of 18.81% in the fiscal year 2026, driven primarily by the robust performance of the information technology sector, according to official statistics. This upward trend in services exports contrasts with the mixed results observed in merchandise shipments. According to data from the Pakistan Bureau of Statistics, services exports surged to $10.04 billion in FY26, up from $8.45 billion in the same period the previous year.
In rupee terms, services exports grew by 19.33% to Rs2.815 trillion in FY26, compared to Rs2.359 trillion in FY25. Meanwhile, imports of services increased by 5.6% to $11.9 billion in FY26, driven by the transport and travel sectors.
Monthly figures revealed a remarkable growth rate of 37.20%, with exports reaching $955.91 million in June 2026, up from $696.60 million in the same month of the previous year. The telecommunications, computer, and information services sector remained the main contributors to this increase. In FY25, Pakistan's services exports expanded by 9.23% to $8.39 billion from $7.68 billion in FY24.
According to the State Bank of Pakistan's data, services exports of telecommunications, computer, and information services witnessed a significant rise of 20.42% to $4.60 billion in FY26 from $3.82 billion a year earlier. Other business services saw a 27.22% increase to $2.15 billion in FY26, up from $1.69 billion in the previous year.
However, exports of transport services declined by 6.61% to $933 million in FY26 compared to $999 million in FY25. Conversely, exports of travel services experienced a substantial surge of 52.74% to $1.115 billion during the year under review, up from $730 million in the previous year.
In contrast, the import of services increased by 5.67% to $11.93 billion in FY26, up from $11.29 billion in the preceding fiscal year. June imports of services grew by 3.48% to $932.81 million, compared to $901.40 million in the same month last year. The transport sector accounted for the largest share of service imports in FY26, with a value of $4.88 billion, reflecting a 4.05% growth.
Travel services followed as the second-highest share, rising to $2.91 billion during FY26, up from $2.41 billion in FY25, marking a significant increase of 20.74%. The trade deficit in services narrowed by 33.38% to $1.894 billion in FY26, down from $2.843 billion in the previous year.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
