Pakistan's services exports increased by 16.77% during the first five months of FY2025-26, reaching $3.833bn, yet the services trade deficit widened as imports grew at a slower but significant pace.

According to the Pakistan Bureau of Statistics, services exports totalled $3.833bn between July and November 2025-26, compared with $3.283bn in the same period last year.

However, imports of services also expanded, rising 12.78% to $5.146bn from $4.563bn a year earlier. As a result, the services trade deficit stood at $1.312bn, slightly higher than the $1.279bn recorded in the corresponding period of the previous fiscal year, marking an increase of 2.55%.

Monthly figures reflect continued growth momentum in November. On a year-on-year basis, services exports jumped 22.26%, reaching $814.25m compared with $666.01m in November 2024.

Imports of services during the same month climbed 16.72% year-on-year to $953.24m, up from $816.69m.

On a month-on-month basis, outward services receipts edged up 0.41% in November from $810.91m in October 2025. In contrast, services imports declined 9.04% over the same period, down from $1.048bn recorded in October.

The data indicate steady expansion in Pakistan's services sector exports during the first five months of the fiscal year, though rising import costs have kept the services trade balance in deficit.