Services export sees 55.52pc growth in Q1

The export earnings from the country's service sector stood at US$ 1.40 billion, marking a robust 55.52 per cent growth during the first quarter (Q1) of the current fiscal year (FY) over the corresponding period of the last FY.

The sector fetched $ 906.3 million in July-September period of FY 2017-18, according to Export Promotion Bureau (EPB) data released on Sunday.

Out of the total $1.40 billion earnings, $1.38 billion came from export of services like manufacturing services on physical inputs, maintenance and repair services, transportation, travel, telecommunication and information services, and government goods and services.

The rest of the amount earned from goods procured in ports by carriers and merchandising that stood at $ 23 million and $ 2.60 million respectively during the period under review.

The export earnings from the government goods and services stood at $ 561.71 million during the first quarter of this FY, marking a 194.71 per cent growth, according to the official data.

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