Services exports record over $400 million increase in Jul-Aug: SBP
Pakistan’s services exports increased by over $400 million during the first two months of 2026-27, outpacing the growth recorded in goods exports during the same period. According to data released by the State Bank of Pakistan (SBP), services exports rose to $1.811 billion during July-August FY27, compared with $1.405 billion in the corresponding period of the previous financial year. The…
In July and August of the 2026-27 financial year, Pakistan's services exports surged by over $400 million, surpassing the growth seen in goods exports during the same period, according to the State Bank of Pakistan. Services exports reached $1.811 billion, up from $1.405 billion in the same timeframe the previous year, marking a 29% increase year-on-year.
The IT sector and freelancers were the primary drivers of this growth, contributing around $952 million towards services exports. Government services also played a role, generating around $122 million. The IT sector's potential for further expansion was highlighted by industry experts, who noted that consistent policies and a conducive business environment are crucial for achieving the government's target of $10 billion in IT exports by FY29.
Freelancers and freelancing platforms also emerged as key contributors, with around three million freelancers actively participating.
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