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Large-scale manufacturing grows at steady pace

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The large-scale manufacturing (LSM) sector grew by 3.56% in the first quarter (July-Oct) of the current fiscal year 2021-22 compared to the same period of last year, Pakistan Bureau of Statistics (PBS) data showed, WealthPK reported on Thursday.

According to the quantum index of large-scale manufacturing industries, the output increased by 0.30% in November this fiscal year compared to the same month of last year. LSM accounts for approximately 80% of the manufacturing sector, and 9.73% of GDP followed by small scale manufactur-ing, which accounts for 2.12% of GDP and 16.6% of sectoral share, WealthPK reported.

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