Pakistan's LSM sector fell 2.65% YoY in August 2024, with declines in textiles, automobiles, and iron/steel, but saw a 4.

Pakistan's Large-Scale Manufacturing (LSM) sector fell by 2.65% in August 2024 compared to the previous year, with major declines in textiles, automobiles, and iron and steel. However, it saw a month-on-month increase of 4.68% from July 2024. Over the first two months of the fiscal year, LSM output dipped by 0.19%. Despite challenges, some sectors like garments and food experienced modest growth. The LSM is vital, contributing 8.2% to Pakistan's GDP.

October 18, 2024
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