The Minister for Industries and Production, Hammad Azhar, has announced that large scale Manufacturing; including Automobiles, Textile, Sugar, and Medicine, in Pakistan 🇵🇰 has #Grown 📈 by 9.1% – the 2nd #Highest Growth Recorded after many years #NayaPakistan ❤
The minister also added that sustained and Robust Growth in the industry is Expected to #Lift 📈 Economic 💰 Growth Beyond Earlier forecasts.
According to the Quantum Index of Large Scale Manufacturing Industries (QIM); the #Highest Level ever index recorded was 175.17, in Mar 2018 and has now #Recorded the 2nd Highest 175.15 in Jan 2021. During the 1st 7 months of the Present fiscal year; the overall Production #Increased by 7.85 % compared to the Previous Fiscal year’s corresponding period.
The Development comes as Pakistan 🇵🇰 continues its path to #Recovery; while still Reeling from the Effects of the COVID-19 Pandemic. Its Restrictions, and the impact it Produced on the exports throughout 2020.
I am a freelance writer studying Mass Communication at the University of Karachi in the faculty of Media sciences. Also certified from Hubspot Academy as a Content Marketer.