Pakistan’s Large Scale Manufacturing Reaches 21-Month High

 Pakistan’s Large Scale Manufacturing Reaches 21-Month High

Pakistan’s Large Scale Manufacturing (LSM) industries are experiencing a significant uptick in production, reaching a 21-month high. Sectors such as agriculture, petroleum products, textiles, and pharmaceuticals are among those witnessing a gradual surge in output.

The surge in LSM output is credited to proactive government measures, along with effective interventions by the Special Investment Facilitation Council (SIFC) aimed at boosting the economy.

Recent statistics show a promising trajectory, with the large-scale manufacturing index reaching 132.43% in January 2024, a slight increase from 132.39% recorded in December of the previous year.

Initiatives led by the Special Investment Facilitation Council (SIFC) have played a pivotal role in driving growth across various sectors, particularly agriculture and textiles. Forecasts suggest a potential bumper crop year for these vital industries, supported by timely interventions.

Moreover, accessible credit availability to the private sector has been instrumental in fostering positive indicators within industrial domains, thereby propelling overall economic growth.

These developments highlight a promising outlook for Pakistan’s industrial landscape, indicating a positive trajectory for economic prosperity in the foreseeable future.

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Web Desk

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