LSM sector grows 14.57% in 11 months
Maintains uptrend on back of government’s pro-growth policies
KARACHI:
Large industries like textile, food, automobile, and petroleum oil industry have maintained growth momentum in the wake of the government’s pro-growth, industrial-friendly and export-oriented policies.
The large-scale manufacturing sector’s (LSM) output grew 14.57% in the first 11 months (Jul-May) of the fiscal year ended June 30 compared to a negative growth of 10.32% in the same period of last year, the Pakistan Bureau of Statistics (PBS) reported on Tuesday.
Ten large industries, out of total 15 listed in LSM sector, posted surge in production in the 11 months under review including textile, food, beverages & tobacco, coke & petroleum products, pharmaceuticals; chemicals, non-metallic mineral products, automobiles, iron & steel products, fertiliser and paper and board.