According to the figures released by the Pakistan Economic Survey 2019-20 large-scale manufacturing (LSM) by has shrunk by 5.4 percent.
The major sectors contributing in the LSM are textile with weight of 20.915pc, food, beverages and tobacco at 12.37pc, coke and petroleum products at 5.5pc, iron and steel products 5.4pc, non-metallic mineral products 5.364pc, automobiles 4.613pc, pharmaceuticals 3.6pc and chemicals 1.7pc.
Although the fiscal year 2019-20 started with a positive note as the LSM posted 2.11pc growth in July 2019, the growth dampened to -2.42pc in August, whereas the pace picked up and growth was recorded at 2.76pc in September 2019, followed by another sharp increase of 5.4pc in October 2019. Whereas November 2019 again witnessed a negative growth of 3.81pc, but there was a steep increase in LSM growth of 15.27pc in December 2019.
Out of 15 sectors in the LSM category, only five remained positive during 2019-20.
