Large-scale manufacturing grows 26.6pc in March

The Pakistan Bureau of Statistics (PBS) reported on Friday that large-scale manufacturing (LSM) grew 26.6 per cent year-on-year in March.

Industrial production output not only rebounded but also posted the highest growth in the last month of the previous government. Industrial output increased by 8.2pc in January, and went up slightly the following month.

The production estimation for LSM industries was made on the new base year of 2015-16. However, the PBS also released a separate estimation on the old base of 2005-06.

As per the old base 2005-06, the LSM grew by 26.9pc in March compared to a year ago. The calculations in both estimations show an upward trend as LSM entered a negative growth of 0.1pc in October 2021.