LSM sector grows 14.85pc in FY21: Razak Dawood

ISLAMABAD (PEN) – Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Monday announced that the large-scale manufacturing (LSM) sector has grown at 16 years high level of 14.85 per cent in the fiscal year 2021.

In a Tweet, Razak Dawood said “I am glad to share that the LSM sector grew at 16 years high level of 14.85% in FY 21. The de-industrialization that was taking place in Pakistan has now been reversed and this has been made possible by Government’s pro-industry policies.”

The growth was led by Textiles, Food, Beverages, Tobacco, Petroleum, Pharmaceutical, Chemical, Mineral, Automobile, Fertilizers and Iron & Steel products, he added.