LSM contracts 10.3 percent in FY20

Dunya News

Textile sector in FY20 recorded decline of 10.37 percent

LAHORE (Web Desk) - Large scale manufacturing showed a decrease of 10.17 percent in FY20.

According to details, LSM decreased by 7.74 percent in June 2020. Textile sector in FY20 recorded decline of 10.37 percent while petroleum products decline by 20.10 percent.

Automobiles decline by 44 percent in FY20, electronics production decline by 35 percent and engineering products decline by 19 percent in FY20.