| Welcome to Global Village Space

Wednesday, April 17, 2024

Pakistan earns $503.910 million in FY21 by exporting transport services

According to the Pakistan Bureau of Statistics (PBS), this shows a decrease of 24.46 percent as compared to the US $667.040 million earned through the provision of services during the corresponding period of the fiscal year (2019-20).

Pakistan earned US $ 503.910 million by providing different transport services in various countries during the first ten months of fiscal year (2020-21) as compared to the corresponding period of last year.

This shows decrease of 24.46 percent as compared to US $667.040 million earned through provision of services during the corresponding period of fiscal year (2019-20), Pakistan Bureau of Statistics (PBS) reported.

During the period under review, the exports of sea transport services however witnessed increased of 56.56 percent, by going up from US $ 44.250 million last year to US $ 69.280 million during the period under review.

Read more: Exports to Australia surge by 33 pc over the recent fiscal year 2020-21

Among the sea transport services, the exports of freight services increased by 1.37 percent from US $27.780 million last year to US $ 28.160 million whereas the exports of other sea transport services also rose by 149.67 percent from US $ 16.470 million to US $ 41.120 million current year, the PBS data revealed.

The exports of air transport however witnessed decrease of 29.46 percent by going down from US $ 582.190 million last year to US $ 410.680 million during July-April (2020-21).

Among the air transport services, the exports of passenger services decreased by 33.25 percent, from US $ 399.220 million to US $ 266.480 million, whereas the exports of freight services rose by 11.07 percent, from US $ 23.300 million to US $ 25.880 million, in addition the export of other air transport services decreased by 25.90 percent from US $ 159.670 million to US $ 118.320 million.

Meanwhile, the exports of road transport services during the period under review witnessed a decline of 46.66 percent by going down from US $ 29.210 million to US $ 15.580 million during this year, it added.

Read more: China supports Pakistan to achieve sustainability in transportation industry

Among the road transport services, the exports of freight services decreased by 59.60 percent, from US $ 29.210 million to US $ 11.800 million during the fiscal year under review, while the export of postal and courier services also decreased by 26.51 percent, from US $ 11.390 million to US $ 8.370 million, the data revealed.

Courtesy: APP