APBF wants review of economic policies as LSM output down

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Staff Reporter

Lahore

The All Pakistan Business Forum has underscored the need for a review of economic policies, as large-scale manufacturing (LSM) output has dropped by 10.3% in first 11 months of fiscal year 2019-20. APBF President Syed Maaz Mahmood said that the large industrial sector, which had been shrinking even before the deadly pandemic hit the economy, further contracted by 10.3% in this period.
Syed Maaz Mahmood said that Covid-19 has adversely impacted the world economy as well as the Pakistan trade and industrial sectors.

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