Pakistan’s Large-Scale Manufacturing (LSM) sector contracted by 1.25pct YoY in the first five months of FY25 (July-November), according to data from the Pakistan Bureau of Statistics.
LSM output decreased by 3.81pct in November 2024 compared to November 2023, and by 1.19pct compared to October 2024.
The steel sector in Pakistan saw a notable decline of 12.19pct in the first five months of FY25, with an 11.25pct drop in November 2024 alone. In more detail, cold-rolled steel production fell by 27.5pct YoY to 330,000 tons, while billet output decreased by 2pct YoY to 288,000 tons in November 2024.
