Pakistan has generated revenue of US $70.969 million through the export of various transport services in different countries during the first month of the fiscal year 2023-24. This figure indicates a 5.32% decline compared to the same period last year, where $74.960 million was earned, according to the Pakistan Bureau of Statistics (PBS).
During the review month, sea transport service exports experienced a significant decline of 50.95%, from $19.960 million to $9.790 million. Within the sea transport sector, freight services suffered a drop of 70.32%, falling from $13.510 million to $4.010 million. Additionally, exports of other sea transport services decreased by 10.39%, from $6.450 million to $5.780 million, as shown in PBS data.
However, the exports of air transport services saw a positive growth of 7.43%, increasing from $53.120 million to $57.069 million in July 2023. Specifically, passenger services recorded an uptick of 2.97%, from $34.990 million to $36.030 million. Conversely, freight services experienced a decline of 36.47%, from $3.290 million to $2.090 million. On the other hand, other air transport services showed an increase of 27.69%, rising from $14.840 million to $18.949 million.
Meanwhile, exports of road transport services saw significant growth during the review period, surging by 181.06% from $1.320 million to $3.710 million. Among road transport services, freight services remained stable, while exports of postal and courier services decreased by 28.57%, dropping from $0.560 million to $0.400 million, according to the data.
Overall, Pakistan’s export of transport services faced some challenges, with declines in sea transport and certain air transport segments. However, the growth in road transport services provides some positive signs. The export of transportation services plays a crucial role in the economy, and efforts should be made to enhance these services for future growth.+