ISLAMABAD — Pakistan’s Large-Scale Manufacturing (LSM) sector recorded a decline of 0.74% in the financial year 2024-25 compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS).
While LSM showed a year-on-year growth of 4.14% in June, it experienced a month-on-month contraction of 3.67%. The negative growth in FY25 was largely driven by key sectors such as tobacco, textiles, garments, petroleum products, pharmaceuticals, and automobiles.
Other sectors, including food, chemicals, cement, and iron & steel, also contributed to the overall downturn. However, several industries reported notable growth, including beverages (1.29%), tobacco (7%), textiles (2.49%), wearing apparel (5.7%), coke and petroleum products (5.33%), automobiles (46.15%), and other transport equipment (36.6%).
The food sector fell by 1.83%, while chemicals and non-metallic mineral products declined by 3.45% and 7.9%, respectively. The machinery and equipment sector suffered the steepest drop, contracting 35.46%.
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Despite positive performances in some industries, the overall LSM sector remains sluggish, with several major sectors still struggling to regain momentum.