$508m earned by exporting transport services
Pakistan earned US $508.015 million by providing different transport services in various countries during the first eight months of financial year (2021-22).
This shows growth of 26.71 percent as compared to $400.940 million earned through provision of services during the corresponding period of fiscal year (2020-21), Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the exports of sea transport services witnessed an increase of 51.18 percent, by going up from $56.130 million last year to $84.860 million during the period under review. Among the sea transport services, the exports of freight services increased by 99.46 percent from $22.390 million last year to $44.660 million whereas the exports of other sea transport services
also grew by 19.15 percent from $33.740 million to $40.200 million current year, the PBS data revealed.
The exports of air transport rose by 25.45 percent by going up from $325.030 million last year to $407.735 million during July-February (2021-22). Among the air transport services, the exports of passenger services increased by 23.55pc, from $213.970m to $264.350m, whereas the exports of freight services also rose by 2.55pc, from $20.400m to $20.920m, in addition the export of other air transport services increased by 35.08pc from $90.660m to $122.465m.
Meanwhile, the exports of road transport services during the period under review witnessed a decline of 20.37 percent by going down from $12.960 million to $10.320 million during this year, it added.
Among the road transport services, the exports of freight services decreased by 75.44 percent, from $9.610 million to $2.360 million during the fiscal year under review, while the export of postal and courier services also decreased by 25.22 percent, from $6.820 million to $5.100 million, the data revealed.
The Pakistan Stock Exchange (PSX) asked the government on Thursday to align the rates of capital gains tax (CGT) on the disposal of shares with those on the sale of immovable property. In its proposals for the 2022-23 budget, the only stock exchange of the country asked the finance ministry as well as the corporate regulator and the Federal Board of Revenue to eliminate the tax-driven distortion between different asset classes.
In addition, it asked the government to impose CGT on all derivates and future contracts traded on the PSX in line with that imposed on future commodity contracts traded on the Pakistan Mercantile Exchange.
The national bourse submitted 11 budgetary proposals total, including the introduction of registered savings and