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Exports to North America rise 4.65pc, imports jump 60.58pc

Services exports grew 22.6 per cent to $2.72 billion in July-September while the services trade deficit held nearly flat at $832.16 million, separate data show.

Skardu Times desk
Exports to North America rise 4.65pc, imports jump 60.58pc
Photo: Minute Mirror

Pakistan's merchandise exports to North America rose 4.65 per cent to $1.826 billion in the first quarter of 2026-27 from $1.745 billion a year earlier, while imports from the region jumped 60.58 per cent to $841.31 million from $523.91 million, Dawn reported, citing State Bank of Pakistan data.

Dawn reported that the increase in imports reflects Islamabad's efforts to bring down trade imbalances with the region under an agreement reached with the United States.

Separate official data on services trade, reported by Minute Mirror, put services exports at $2.72 billion for July-September, up 22.6 per cent from $2.22 billion in the same quarter last year. In September alone, services exports rose 15.35 per cent to $929.87 million from $806.14 million.

Telecommunications, computer and information services earned $1.246 billion in the quarter, 17.7 per cent more than $1.059 billion a year earlier. These sectors brought in $435 million in September against $368 million in the same month last year. Other business services exports rose 27.98 per cent to $622 million from $486 million, and transport services to $295 million from $269 million, an increase of 9.66 per cent.

Advertising and market research services exports rose 19 per cent to $30.7 million in July-September from $25.8 million, ProPakistani reported.

The services figures follow a year in which exports reached $10.04 billion in FY26, up 18.81 per cent from $8.45 billion in FY25. In local currency, earnings rose to Rs2.815 trillion from Rs2.359 trillion.

Services imports also climbed in the first quarter, by 16.32 per cent to $3.55 billion from $3.05 billion. In September they rose 26.38 per cent to $1.21 billion from $959.53 million.

Because exports and imports grew by similar margins, the services trade deficit was nearly flat at $832.16 million for the quarter, 0.33 per cent narrower than $834.88 million a year earlier. The monthly deficit widened to $282.76 million in September, 84 per cent higher than the same month last year.

Transport made up the largest share of services imports in the quarter, followed by travel-related services, Minute Mirror reported.

How the reports differ

Dawn led with the North America merchandise figures from State Bank data and was alone in tying the 60.58 per cent import rise to an agreement with the United States on reducing trade imbalances. Minute Mirror led instead with quarterly services exports and carried the full breakdown of services imports and the deficit, figures the other two did not report. ProPakistani focused on one line of the services data, advertising and market research exports, and tied it to a Payoneer event in Lahore. The three drew on different data sets and did not dispute each other's numbers.

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