Tag Archives: LSM output shrinks 11.6pc in February

ISLAMABAD: Large-scale manufacturing (LSM) shrank 11.6 per cent in February over the same month last year causing massive layoffs, especially in export-oriented textile industries, showed data released by the Pakistan Bureau of Statistics on Monday. The slowdown in industrial output is mainly contributed to the textile and clothing industries because exports from the sector posted double-digit declines. It is expected …

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