Since 2011, Pakistan's LSM growth has been the highest: Khusro Bakhtiar

ISLAMABAD: According to News on Saturday, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar said that Pakistan has had the greatest rate of large-scale manufacturing (LSM) development of 9.29 percent since 2011, which would contribute to total industrial sector development.

Since 2011, Pakistan's LSM growth has been the highest: Khusro Bakhtiar

In a Twitter post, Khusro Bakhtiar said that the nation has had exceptional economic development despite the global economic slump thanks to the federal government's efficient measures.

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According to the latest data, GDP growth is expected to be 3.9 percent, while the LSM recovery continues to develop at 9.29 percent, the most since 2011, and will contribute to an overall industrial sector growth rate of 3.9 percent.

Bakhtiar went on to say that the broad-based economic growth in the face of the pandemic is a result of Prime Minister Imran Khan's economic policies, which include fiscal stimulus and a building plan aimed at reviving industry and agriculture.

In another tweet, the federal minister said that all important macro-economic indicators have improved substantially, including GDP of $ 296 billion ($33 billion), PCI of $ 1,543 (13.4 percent), CA of $1 billion, remittances of $ 24.2 billion, and exports of $ 20.9 billion (13 percent ).

According to Khusro Bakhtiar, Pakistan generated the highest-ever wheat and sugarcane yields as a result of the agricultural package, which lowers the cost of living in rural regions. He went on to say that following 8.4% growth this year, a surge in the construction industry would enable the economy expand at 5% next fiscal year.

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