Pakistan Earned $503.910 Million From Exporting Transport Services In 10 Months

Pakistan earned $503.910 million by exporting various transport services in different countries during the first ten months of the fiscal year 2021, compared to last year.

This is a 24.46 percent reduction from the US $667.040 million received from service provision during the same time of fiscal year (2019–20), according to the Pakistan Bureau of Statistics (PBS).

However, exports of marine transport services grew by 56.56 percent during the time under review, rising from the US $ 44.250 million last year to the US $ 69.280 million during the period under review.

The exports of freight services climbed by 1.37 percent from the US $27.780 million last year to the US $ 28.160 million this year, while exports of other marine transport services surged by 149.67 percent from the US $ 16.470 million to the US $ 41.120 million this year, according to PBS statistics.

However, air transport exports fell by 29 percent.

By dropping from the US $ 582.190 million last year to the US $ 410.680 million from July to April, the company cut its losses by 46 percent (2020–21).

Among air transport services, exports of passenger services decreased 33.25 percent, from $399.220 million to $266.480 million, while exports of cargo services increased 11.07 percent, from $23.3 billion to $25.880 million, in addition, exports of other air transport services decreased 25.90 percent from $159,670 million to $118,320 million.

Meanwhile, exports of trucking services during the review period witnessed a 46.66 percent decline, falling from $29.210 million to $15.580 million this year, he added.

Among road transport services, exports of freight services declined 59.60 percent, from $29.210 million to $11.8 billion during the fiscal year under review, while exports of postal and courier services also declined by 26 percent, 51 percent, from $11.390 million to $8.370 million, revealed the data.

Published in Lahore Herald #PakistanEarnedByExportingTransportServices, #PakistanExportTransportService, #PakistanExpot Published in Lahore Herald

Lahore Herald is a Pakistani internet media company based in Lahore,it began operations as a social news and entertainment company with a focus on digital media