July-Oct export of services fetches $ 1.94b

Export earnings from the country's services sector stood at US$ 1.94 billion, marking a robust growth of 56.46 per cent during the first four months of the current fiscal year (FY) compared to that of the corresponding period of last fiscal.

The sector fetched $ 1.24 billion in the July-October period of FY 2017-18, according to the Export Promotion Bureau (EPB) data released on Monday.

Out of the total $1.94 billion in earnings, $1.91 billion came from export of services in areas like manufacturing services on physical inputs, maintenance and repair, transportation, travel, telecommunication and information as well as government goods and services.

The rest of the amount was earned from goods procured through ports by carriers and merchandising. The amount stood at $ 31.30 million and $ 2.99 million respectively during the period under review.

The country's overall export earnings from goods stood at $13.65 billion marking an 18.65 per cent growth during the July-October period of FY 2018-19.

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