In May 2024, Pakistan's IT Exports increased by 40.7% year-on-year to $332 million, from $235 million in May 2023, driven essentially by telecommunication, information services, and computer sector.
The nation's service sector faced a trade deficit of $193 million, marginally higher than April's $187 million deficiency however lower than the $342 million shortfall from May 2023.
In a nutshell, service exports expanded by 7.84% YoY to $688 million.
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