Services export grows 6pc in July-September

The export of services recorded a growth of 5.77 per cent to $1.91 billion in the first quarter of the current fiscal year (July-September) against $1.80bn over the corresponding months last year, the Pakistan Bureau of Statistics said on Monday. The export of services turned into positive in September following two consecutive months of decline. The growth was mainly driven by a surge in information technology. On a month-on-month basis, the services export posted a positive growth of 6.55pc. In rupee terms, the export also recorded a positive growth of 1.24pc to Rs530.74bn against Rs524.25bn over the corresponding months last year. In September, the export of services recorded a growth of 17.04pc to $ 656.99 million against $ 561.36m over the corresponding month last year.