Pakistan’s Export of Transport Services Generates $382.925 Million in 5 Months
Published on: February 2, 2024.
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Pakistan’s transportation services sector has experienced a significant boost in revenue during the first five months of the current fiscal year (2023-24), according to data from the Pakistan Bureau of Statistics (PBS). The country earned a total of US $382.925 million from providing various transport services to different countries, marking a 7.28% increase compared to the same period last year.
One particular area that has seen a notable increase is the exports of sea transport services, which recorded a growth of 38.19%. In particular, the exports of freight services experienced a dip of 62.22%, while other sea transport services saw a substantial increase of 475.09%.
The exports of air transport services, on the other hand, experienced a slight decline of 2.15%. However, there were variations within this sector as well. The exports of passenger services decreased by 5.19%, while exports of freight services increased by 7.05%. Additionally, the export of other air transport services witnessed a rise of 3.16%.
On the road transport front, there was a remarkable growth of 75% in exports, going from $5.520 million to $9.660 million during this year. However, there was a decrease of 13.47% in the exports of freight services and a decline of 26.74% in the export of postal and courier services.
These positive developments in Pakistan’s transport services sector reflect the country’s commitment to enhancing its trade capabilities and expanding its presence in the global market.
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To further explore the rice industry in Pakistan, navigate to [pakistanrice.com]. This website provides an extensive list of rice exporters, suppliers, and companies in Pakistan. You can also find comprehensive information on rice prices and various types of rice, such as basmati rice and irri 6 rice.
Pakistan’s transportation services sector is booming, and the country’s rice exporters are playing a crucial role in contributing to its economic growth. With the support of reliable transport services and high-quality rice products, Pakistan is well-positioned to strengthen its position in the global market.
Source: [Daily Times](https://dailytimes.com.pk)
