Breaking News :

Nausheen Shah hits back at trolls on Instagram

Current account deficit to remain between 2-3pc in FY22: SBP

Sharif met Mohib to protect Pakistan’s national interest: Abbasi

Pakistan, Saudi Arabia agree to further economic cooperation

Noor asked me to bring Rs700,000 to Zahir’s house: driver

China, Pakistan agree to boost cooperation under CPEC

Pak, Saudi Arabia agree to further bilateral ties

PML-N, PPP reject AJK results

Pakistan ranks top 10 in business environment: Chinese report

PPP bags Sindh-Balochistan seat of AJK assembly

Four martyred in AJK as Army vehicle falls into ravine

PTI wins 25 seats in AJK elections

25 textile companies contribute 21pc to $25bn exports

Gandapur’s misogynist remarks against Maryam draw public ire

I am definitely the candidate to replace PM Khan: Mehwish Hayat

Govt welcomes UK move against corrupt elements

Tajik forces declare readiness to counter any uncertain scenario on Afghan border

Qureshi set to embark on China visit today

Cargo ship stranded at Karachi’s Seaview for second day

Video of a bull getting out of control and shot goes viral

A must-try recipe for this Bakrid

WhatsApp introduces joinable calls feature

Delta variant on a roll in Karachi

Security of Chinese nationals improved after Dasu incident

Zalmay holds talks with Army Chief, PM

Cryptocurrency advocates want Pakistan to align itself with modern times

Saudi Arabia allows shops to remain open during prayers

Behroze Sabzwari speaks on his son’s separation with Syra Yousuf

RSS ideology main hurdle in Indo-Pak peace: PM Khan

Uninstall these apps if you want to use WhatsApp

Pakistan, Uzbekistan set to produce a film together

Mahira Khan says she is not even engaged

Disappointed at allegations from Afghanistan: PM Khan

Chaman border closed after Taliban get close

Pakistan for Afghan-owned solution in Afghanistan: Qureshi

Some updates about the upcoming iPhone 13

Sherry says Pakistan doesn’t criminalise violence

Will EVMs be effective in Pakistan?

Cuba proposes to establish a vaccine plant in Pakistan

Ban on TLP to be maintained: Fawad Chaudhary

Twitter lashes out at Pakistani team as they suffer a 3-0 whitewash

Maryam Nawaz’s blunder lands her into hot waters yet again

Taliban destroy two helicopters of the Afghan forces

Naegleria claims 4th life in Karachi

PM Khan reiterates support to Kashmiri struggle for freedom

Monsoon season begins in Pakistan

Khalilzad embarks on diplomacy tour of Qatar, Uzbekistan and Pakistan

Bushra Ansari proves again that age is just a number

No taxes on imports for exports sector from Aug 14: FBR

Faysal Quraishi recreates his viral ‘jaahil log’ video

Pakistan welcomes Iran’s role in Afghan peace process

WhatsApp may finally allow you to select quality for sending visual content

Beware! 22 brands of water declared unsafe for human consumption

PM warns nation of Covid-19’s Indian variant

Shahroz says he always saw a life partner in Sadaf

Biden vows to stand by Afghan security forces

Pakistan to see electric cars in this month

China assures to stand behind Pakistan regardless of world politics

Pak vs Eng: Haris Sohail ruled out of ODI series

Spotify vs Apple Music vs Sound Cloud: 12 best music streaming services in 2021

$1b Eurobonds floated at 8.5% interest rate

Man accused of assaulting young couple arrested in Islamabad

Legendary Bollywood actor Dilip Kumar passes away

Karachi matric board chairperson explains details behind controversy

How to know if you have been blocked by someone on Whatsapp?

India clearly behind Lahore blast: Sheikh Rashid

State keen to talk to Baloch insurgents: Chaudhary

People unhappy with scantily clad women at Hum Style Awards

Minal’s fans are worried after her hospital pictures go viral

Why you should refrain from investing in crypto

Selected Imran should refrain from commenting on Pakistan’s nuclear assets: Maryam Nawaz

Khalil-ur-Rehman Qamar sides with PM Khan over his statements on rape

UAE-Pakistan friendly ties continue to foster growth, development

Manufacturing Activity Picks Up

Manufacturing Activity Picks Up

Manufacturing Activity Picks Up

The country’s manufacturing output in the first four months of the current fiscal year increased by 5.46 percent during the July-October 2020-21, the latest data released by the Pakistan Bureau of Statistics (PBS) showed on Tuesday.

“The overall output of LSMI increased by 5.46% for July-October 2020-21 compared to July-October 2019-20,” it said. “The LSMI output increased by 6.66pc for Oct, 2020 compared to Oct, 2019 and 3.95pc if compared to September 2020.”

The production in July-October 2020-21 as compared to July-October 2019-20 has increased in textile, food, beverages & tobacco, coke & petroleum products, pharmaceuticals, chemicals, non-metallic mineral products, fertilizers and paper & paperboard while it decreased in automobiles, iron & steel products, electronics and leather products, it added.

Large Scale Manufacturing grew by 5.46pc in July-Oct period. At a time when the global economy is in a deep recession, Industry is driving economic growth and recovery in Pakistan, said Minister for Industries and Production Hammad Azhar while commenting on the LSM numbers.

In addition to this, former finance minister Hammad Azhar said that the improvements in economic activity. “Industrial growth accelerates as economic recovery gathers pace. Large scale manufacturing grew by 5.46% in July to October 2020 vs same period last year. Growth in October was even higher at 6.66% vs October last year,” he said.

The economic activity has picked up in the last few months as the government has lifted lockdown to help lift the economic output. Subsequently, consumer spending has increased as the data from the cement, auto, steel, electronics as well as the automobile sectors showed that the demand is reviving in the economy.

The government has also shelved its plan to announce further lockdowns during the second wave of Covid-19 as it says that the lockdowns would increase poverty.

Read Previous

Rizwan, Imad to Replace Shadab In Pak-NZ Series

Read Next

APS Martyrs’ Families Call For Peace On Sixth Anniversary

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x