ANL 28.85 Increased By ▲ 0.50 (1.76%)
ASC 15.15 Increased By ▲ 0.01 (0.07%)
ASL 24.15 Increased By ▲ 0.50 (2.11%)
AVN 97.95 Increased By ▲ 2.35 (2.46%)
BOP 9.30 Increased By ▲ 0.10 (1.09%)
BYCO 10.35 Increased By ▲ 0.28 (2.78%)
DGKC 135.50 Increased By ▲ 3.00 (2.26%)
EPCL 49.98 Increased By ▲ 1.28 (2.63%)
FCCL 25.16 Increased By ▲ 0.61 (2.48%)
FFBL 25.22 Decreased By ▼ -0.41 (-1.6%)
FFL 16.04 Increased By ▲ 0.04 (0.25%)
HASCOL 11.07 Increased By ▲ 0.01 (0.09%)
HUBC 85.00 Increased By ▲ 0.80 (0.95%)
HUMNL 7.70 Increased By ▲ 0.43 (5.91%)
JSCL 25.75 Increased By ▲ 1.10 (4.46%)
KAPCO 37.45 Increased By ▲ 1.35 (3.74%)
KEL 4.17 Increased By ▲ 0.12 (2.96%)
LOTCHEM 15.13 Increased By ▲ 0.37 (2.51%)
MLCF 47.18 Increased By ▲ 1.18 (2.57%)
PAEL 39.40 Increased By ▲ 0.65 (1.68%)
PIBTL 12.04 Decreased By ▼ -0.01 (-0.08%)
POWER 10.65 Increased By ▲ 0.05 (0.47%)
PPL 91.00 Increased By ▲ 0.40 (0.44%)
PRL 26.69 Increased By ▲ 0.39 (1.48%)
PTC 9.05 Decreased By ▼ -0.09 (-0.98%)
SILK 1.45 Increased By ▲ 0.05 (3.57%)
SNGP 38.75 Decreased By ▼ -0.25 (-0.64%)
TRG 145.70 Increased By ▲ 6.95 (5.01%)
UNITY 32.90 Increased By ▲ 0.75 (2.33%)
WTL 1.61 Increased By ▲ 0.05 (3.21%)
BR100 4,959 Increased By ▲ 85.49 (1.75%)
BR30 25,734 Increased By ▲ 497.97 (1.97%)
KSE100 45,966 Increased By ▲ 603.04 (1.33%)
KSE30 19,199 Increased By ▲ 314.87 (1.67%)
Business & Finance

Industry driving Pakistan’s Economic growth, says Azhar after LSMI output increase

  • "At a time when the global economy is in a deep recession, Industry is driving economic growth and recovery in Pakistan,” said Azhar
15 Dec 2020

Expressing delight over the latest Large Scale Manufacturing Industries (LSMI) figures, Federal Minister for Industries and Production Hammad Azhar has said that Industry is driving Pakistan’s economic growth amid the global COVID-19 pandemic.

“Large Scale Manufacturing grew by 5.46pc in Jul-Oct period. At a time when the global economy is in a deep recession, Industry is driving economic growth and recovery in Pakistan,” said Azhar in a tweet post on Tuesday.

The statement comes after the release of provisional Quantum Index Numbers (QIM) of Large Scale Manufacturing Industries by the Pakistan Bureau of Statistics (PBS). Under the latest figures, the LSMI output increased by 6.66 percent for October 2020 compared to October 2019 and 3.95pc if compared to September 2020.

Meanwhile, the overall output of LSMI increased by 5.46 percent for July-October 2020-21 as compared to July-October 2019-20.

The production in July-October 2020-21 as compared to July-October 2019-20 has increased in Textile, Food, Beverages & Tobacco, Coke & Petroleum Products, Pharmaceuticals, Chemicals, Non-Metallic Mineral Products, Fertilizers, and Paper & Paperboard while it decreased in Automobiles, Iron & Steel Products, Electronics, and Leather Products.