In the initial four months of the current fiscal year, the production of major industries in the country witnessed a 0.4 percent decline on an annual basis. The monthly report on Large Scale Manufacturing (LSM) production, released by the Pakistan Bureau of Statistics, indicates that the index of production for large industries registered 112.33 points from July to October, reflecting a 0.4 percent decrease compared to the corresponding period in the previous fiscal year.

Comparatively, during the same period in the last fiscal year, the index for large industries (LSM) was recorded at 112.82 points. In October, the index for large industries in the country stood at 111.06 points, marking a 4.1 percent decline from the previous October.

The report provides additional insights, noting that in the initial four months of the current fiscal year, the food sector saw a 0.6 percent increase, coke and petroleum products increased by 0.5 percent, chemicals by 0.2 percent, garments by 4 percent, pharmaceuticals by 1.7 percent, non-metallic minerals by 0.3 percent, missionary goods by 0.2 percent, and other manufacturing recorded a 0.1 percent production increase.

Conversely, the production of textile products decreased by 3.1 percent, iron scrap by 0.1 percent, automobiles by 1.5 percent, tobacco by 0.8 percent, electrical appliances by 0.5 percent, paper and board by 0.1 percent, and transport equipment by 0.1 percent.

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