LSM sector registers 1.02% growth – Alfalah Securities Limited

Karachi, June 19, 2012 (PPI-OT): The country’s large-scale manufacturing (LSM) recorded a growth of 1.02% during 10MFY12 as per the data released by Pakistan Bureau of Statistics (PBS).

According to Alfalah Securities Limited, the provisional quantum index numbers (QIM) of large-scale manufacturing industries stood at 112.71 points in 10MFY12 as compared to 111.58 points during the same period last year. However, LSM growth witnessed a drop of 1.86%YoY and a massive 11.94% on MoM basis in April, 2012. The weak law and order situation, supply disruption of gas and power outages have badly hampered the industrial growth of the country reflecting a bleak economic outlook.

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