Steel industry must be fully strengthened for rapid economic growth: FTO Coordinator

ECNEC approves construction of Hyderabad-Sukkur Motorway, other infrastructure projects

ISLAMABAD, Jul 06 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Wednesday approved construction of Hyderabad–Sukkur Motorway on Built Operate Transfer (BOT) basis with revised cost of Rs. 308,194.00 Million. Federal Minister for Finance and Revenue, Miftah Ismail chaired the ECNEC meeting while among others it was attended by Federal Minister… Continue reading ECNEC approves construction of Hyderabad-Sukkur Motorway, other infrastructure projects

LSM grows by 6.7% in 10 months

ISLAMABAD, Jun 16 (APP):The Large Scale Manufacturing Industries (LSMI) production for the old base-year 2005-06, grew by 6.7% during the first 10 months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Thursday. The LSMI Quantum Index Number (QIM) was recorded at 160.1… Continue reading LSM grows by 6.7% in 10 months

Amid swaying situation, economy sticks to growth path

By Ashraf Wani & Shams-ur-Rehman ISLAMABAD, Mar 20 (APP): Amid the current swaying political situation at home and challenges faced at external front, one thing that is certainly encouraging is the growth of economy as demonstrated by positive progress of various economic indicators, owing to prudent policies introduced by the incumbent government. The indicators, including… Continue reading Amid swaying situation, economy sticks to growth path

Industrial Promotion Package to create employment opportunities: Khusro

ISLAMABAD, Mar 2 (APP): Federal Minister for Industries and Production, Makhdoom Khusro Bakhtiar Wednesday expressed the hope that the ‘Industrial Promotion Packages’ would generate jobs, broaden tax net and promote industrial development that would ultimately help overall economic growth on sustainable grounds. Addressing a press conference along with State Minister for Information and Broadcasting, Farrukh… Continue reading Industrial Promotion Package to create employment opportunities: Khusro

Economy continues to be strong, says monthly economic outlook

ISLAMABAD, Feb 28 (APP): Pakistan’s economic performance continues to be strong as cyclical position was witnessed slightly above neutral and the trend growth rate of potential output remained strong, according to monthly Economic Update and Outlook for February 2022. According to the document released by the Finance Ministry here Monday, the rebased Large Scale Manufacturing… Continue reading Economy continues to be strong, says monthly economic outlook

LSM sector witnesses 7.4% increase in 1st half of current fiscal year: Farrukh

ISLAMABAD, Feb 18 (APP): Minister of State for Information and Broadcasting Farrukh Habib Friday said the Large Scale Manufacturing (LSM) sector had witnessed 7.4 per cent increase during the first half of the current fiscal year (July-December 2021). The minister, in a tweet, said the growth in production of large industries helped in boosting economic… Continue reading LSM sector witnesses 7.4% increase in 1st half of current fiscal year: Farrukh

LSM growth jumps 16.7 pc in December

ISLAMABAD, Feb 17 (APP):Pakistan’s Large Scale Manufacturing Industries (LSMI) production grew by 16.7 percent during December 2021 compared to the previous month of November 2021, the Pakistan Bureau of Statistics (PBS) reported on Thursday. On year-on-year basis, the LSM growth witnessed an increase of 3.8 percent in the month against same month (December) of the… Continue reading LSM growth jumps 16.7 pc in December

LSM grows 3.26% in 5 months

ISLAMABAD, Jan 21 (APP): Pakistan’s Large Scale Manufacturing Industries (LSMI) production grew by 3.26 percent during the first five months of the current fiscal year (FY22) compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported Friday. As per details, the highest increase of 4.72 percent during July-November FY22 was… Continue reading LSM grows 3.26% in 5 months

Accelerated economic recovery to continue: Economic Outlook

ISLAMABAD, Oct 28 (APP): Keeping in view the performance of various economic indicators, the economic recovery that had accelerated since March 2021 is expected to continue, according to the Monthly Update and Outlook for October 2021, released by the Finance Ministry here Thursday. According to the report, increased production may boost exports while domestic production… Continue reading Accelerated economic recovery to continue: Economic Outlook

LSM sector grew at 16 years high level of 14.85 percent in FY 2021: Dawood

ISLAMABAD, Aug 16 (APP):Prime Minister, Adviser on Commerce and Investment, Abdul Razak Dawood on Monday said the Large Scale Manufacturing (LSM) sector grew at 16 years high level of 14.85 percent in FY 2021. The de-industrialization that was taking place in Pakistan has now been reversed and this has been made possible government’s pro-industry policies,… Continue reading LSM sector grew at 16 years high level of 14.85 percent in FY 2021: Dawood

LSM grows by 37 pc in May, 14.56 pc in 11 months

ISLAMABAD, Jul 14 (APP): The Large Scale Manufacturing Industries (LSMI) production grew up by 36.84 percent on year-on-year basis during the month of May 2021 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. LSMI Quantum Index Number (QIM) was recorded at 139.55 points during May 2021 against 101.98… Continue reading LSM grows by 37 pc in May, 14.56 pc in 11 months

Momentum continues to lay strong foundation for economic growth: Outlook

ISLAMABAD, Jun 29 (APP): With significant signs of economic recovery, the government would continue to follow the positive reform momentum to boost the competitiveness of country’s economy and lay a strong foundation for a more robust, inclusive and sustainable recovery. “Pakistan economy has shown significant signs of economic recovery with fast resumption of economic dynamism,”… Continue reading Momentum continues to lay strong foundation for economic growth: Outlook

Production, exports driven economy on track of sustainable growth: Farrukh

ISLAMABAD, Jun 12 (APP): Minister of State for Information and Broadcasting on Saturday said the industrial production and exports driven national economy was on track of sustainable growth. “Alhamdulillah (Praise be to Allah)! Prime Minister Imran Khan has a good intention that is why the Allah Almighty pours out His blessings,” the minister tweeted while… Continue reading Production, exports driven economy on track of sustainable growth: Farrukh

Focus on targeted sectors led to higher economic growth: Economic Outlook

ISLAMABAD, May 28 (APP):Due to the government’s focus on certain targeted sectors such as housing, agriculture, industry, construction and exports, higher economic growth was recorded along with stabilization during the current fiscal year (2020-21), according to monthly Economic Update and Outlook for May 2021. “It is expected that in coming years the economy will have… Continue reading Focus on targeted sectors led to higher economic growth: Economic Outlook

Fiscal deficit contained at 3.5 pc in 8 months

ISLAMABAD, Apr 28 (APP): Owing to the government’s efforts, the fiscal deficit during the first eight months (July-February) of the current fiscal year has been contained at 3.5 percent of the Gross Domestic Product (GDP).“Despite higher mark-up payments and COVID-related expenditures, the fiscal sector continues to perform better as a result of the government’s efforts… Continue reading Fiscal deficit contained at 3.5 pc in 8 months

Industrial sector showing sustained strong growth: Asad Umar

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ISLAMABAD, Feb 12 (APP): Minister for Planning, Development and Special Initiatives Asad Umar Friday said the country’s large industry was showing strong growth as it increased by 11.4 percent in December 2020 as compared to same month of the preceding year. “Another double digit growth month for Large Scale Manufacturing in December,” he said in… Continue reading Industrial sector showing sustained strong growth: Asad Umar

Economic indicators, social spendings on upward trajectory

ISLAMABAD, Jan 25 (APP): The Pakistan Tehreek-I-Insaaf (PTI) government has started yielding results in the form of improved economic indicators. which was providing necessary cushion to further strengthen the social safety nets. The government managed to put the economy back on track by introducing financial discipline and taking politically tough and unpopular decisions. “Putting the… Continue reading Economic indicators, social spendings on upward trajectory

Double-digit LSM growth testament of PTI government efforts: Finance Minister

ISLAMABAD, Jan 13 (APP): Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh said Wednesday that the accelerating Large Scale Manufacturing (LSM) growth was a testament of Pakistan Tehreek-i-Insaf government’s efforts to encourage industrialisation in the country and generate new employment opportunities for people. In a tweet here, the minister said that the LMS… Continue reading Double-digit LSM growth testament of PTI government efforts: Finance Minister

Visionary policies push LSM to grow 14.5% amid Covid-19: Khusro