September 16, 2020

LSM snaps 6-month downtrend in July

ISLAMABAD: Large scale manufacturing sector has posted growth in July, first time in six months, as Covid-19 outbreak stirred latent potential of pharmaceutical and food industries despite shutdown setbacks to key industrial sectors, official data showed on Tuesday.Pakistan Bureau of Statistics data showed LSM output increased 5.02 percent year-on-year in the first month of the current fiscal year of 2020/21 and rose 9.5 percent if compared to June.The growth was only visible in the...