Tag Archives: Big industry output shrinks 4.61pc for eighth month

ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) shrank for eighth month in row, raising fears of layoffs across the industrial sector. The LSM index contracted by 4.61 per cent year-on-year in November, the Pakistan Bureau of Statistics (PBS) reported on Friday. Between July and November, the big industry output declined 5.93pc on a yearly basis. At a time when LSM is on …

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