Pakistan’s services sector recorded a trade deficit of $370 million in December, up 1.2 times on a month-on-month basis compared to a deficit of $168 million in November, according to fresh data released by the State Bank of Pakistan (SBP).

On a year-on-year basis, the country reported a deficit of $250 million in the same period last year.

SBP data shows that services exports reached $936 million in December, rising 15.99% YoY from $807 million in December 2025. On a monthly basis, exports also increased 16.13% over November 2025 levels.

During 6MFY26, cumulative services exports increased 16.48% YoY to $4.765 billion versus $4.091 billion recorded in 6MFY25.

Telecommunications, Computer and Information Services remained the top-performing export category in December, generating $437 million up 25.57% YoY. Other Business Services ranked second with inflows of $198 million, posting a 28.57% YoY increase and 15.12% MoM growth versus November 2025.

Transport and travel services exported $88 million and $108 million respectively during the month.

On the import side, services inflows cost $1.306 billion in December, rising 23.56% YoY from $1.057 billion recorded a year earlier. On a MoM basis, imports were higher compared to $974 million in November.

During 6MFY26, services imports reached $6.503 billion, up 15.69% YoY from 6MFY25 levels.

Transport was the largest import expense category at $462 million in December, although it declined 10.2% YoY. Meanwhile, travel-related imports stood at $373 million, up 68.75% YoY and 36.71% MoM for the period under review.