Tuesday, June 25, 2024

Large-Scale Manufacturing (LSM) Shows a Growth of 11.4%

In December 2020, the country’s large scale manufacturing (LSM) grew by 11.4 percent in comparison to December 2019, figures from Pakistan Bureau of Statistics (PBS) showed.

In July-December of the present fiscal year, LSM reported an overall growth of 8.16 percent compared with the same period last year.

Ten industrial sectors have shown growth, including textiles, food, beverages and tobacco, coke and petroleum products, pharmaceuticals, chemicals, non-metallic minerals, vehicles, fertilizers, paper and paperboard, whereas five others have showed a decrease.

Textile showed growth of 3.54pc, food, drink and tobacco 17.72pc, coke and petroleum products 23.91pc, pharmaceuticals 13.82pc, chemicals 16.95pc, automobiles 43.91pc, non-metallic mineral products 17.52pc, fertilizers 11.98pc, paper & board 8.93pc and rubber products 8.24pc.

On the other hand, electronics (35.59pc), leather products (40.55pc), engineering products (23.93pc) and wooden products were sectors that experienced negative growth (30.20pc) in December 202.

Related Articles

Latest Articles