Pakistan spends over $1165 million on import of travel services
ISLAMABAD: Pakistan has spent US $ 1165.970 million by acquiring different travel services from various countries during the first ten months of ongoing fiscal year 2019-20.
This shows decrease of 14.02 percent as compared to US $ 1356.090 million spent through provision of services during the last year (2018-19), Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the imports of personal travel services witness decrease of 12.89 percent, by going down from US $ 1315.840 million last year to US $ 1146.250 million during July-April (2019-20).
Among these personal services, imports of health related expenditure decreased by 57.89 percent from $1.900 million to $ 0.800 million whereas the education expenditure also decreased by 16.10 percent, by going down from $110.980 million to $93.110 million, data revealed.
In addition, import of other services were decline by 12.52 percent, out of which religious services witnessed growth of 49.47 percent from $238.133 million to $ 355.935 million while the imports other services decreased by 27.82 percent from $964.827 million to $696.405 million.
Meanwhile, imports of business services decreased by 51.01 percent from US $40.250 million to US $19.720 million, the PBS data revealed. - APP