Pakistan's LSM Hits Record High in July, Signals Stronger Industrial Base

Pakistan's Large-Scale Manufacturing (LSM) index climbed to a record 119.13 in July, marking the highest reading ever for the month with 3% YoY growth. Key sectors like wearing apparel and automobiles significantly contributed, demonstrating genuine production momentum beyond mere low-base recovery. Petroleum products also provided strong support due to elevated refinery utilization. This sustained industrial activity, even with rising inflation and higher interest rates, could offer underlying support to the Pakistani Rupee, potentially influencing local gold prices.

بحوالہ / Source: www.brecorder.com