APBF wants review of economic policies as LSM output down


Staff Reporter


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.

Previous articleEngro Fertilizers, MCB introduce first Electronic Bank
Next articleAsia-Pacific region becomes biggest contributor to global GDP; ADB