Large-scale manufacturing (LSM) posted a growth of 3.95 per cent in the outgoing fiscal year 2013-14 from a year ago.
The industrial output witnessed a positive growth in the outgoing fiscal year mostly with few exceptions, , suggested data of Pakistan Bureau of Statistics issued yesterday.on Monday.
This reverse in manufacturing sector growth was mainly driven by an increase in 11 categories of items during the year under review over the corresponding previous year.
Major contribution towards positive growth in LSM performance in 2013-14 was from textile 1.32pc; food and beverages 7.16pc; petroleum products 6.22pc, paper and board 10.99pc; fertilisers 16.50pc; electronics 9.55pc; iron and steel products 5.58pc; leather products 11.65pc; chemicals 6.87pc; non-metallic mineral products 0.79pc and rubber products 11.47pc.
Last year, the LSM sector, which accounts for 70pc of industrial production, recorded a positive growth of 3.79pc.