Large-scale manufacturing declines by 1.8%

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Large-scale manufacturing declines by 1.8%

During the first half of FY 2024-25, large-scale manufacturing (LSM) declined by 1.87% year-on-year. According to Pakistan Bureau of Statistics (PBS) data, various local and global factors contributed to this decline, which has been evident since August 2024, except for a minor increase in October. Before this downturn, LSM had shown positive growth from December 2023 to May 2024, but it turned negative in June. On a year-on-year basis, LSM outp…