Pakistan’s large-scale manufacturing reached a 21-month high.

Pakistan’s Large Scale Manufacturing (LSM) companies are enjoying a huge increase in output, reaching a 21-month peak. Notably, sectors such as agriculture, petroleum products, textiles, and medicines are experiencing a gradual increase in output.

The increase in LSM output is credited to the government’s proactive efforts, as well as the Special Investment Facilitation Council’s (SIFC) effective actions to support the economy.

Recent statistics show a favorable trajectory, with the large-scale manufacturing index hitting 132.43% in January 2024, up slightly from 132.39% in December of the previous year.

Crucially, programs led by the Special Investment Facilitation Council (SIFC) have played a critical role in encouraging growth in a variety of sectors, including agriculture and textiles. Forecasts predict a strong crop year for these critical businesses, aided by appropriate actions.

Furthermore, the provision of accessible credit to the private sector has helped to generate positive indicators in industrial areas, hence pushing total economic growth.

These accomplishments highlight a hopeful picture for Pakistan’s industrial environment, indicating a positive path to economic growth in the near future.