Industrial activity in the country has slowed down due to which there has been a decline in large-scale manufacturing.
According to the statistics of the Institute of Statistics, during July to January, the production of 20 major industries in the country decreased, while the overall production of major industries recorded a decrease of 4.40 percent.
According to the report, industrial production has decreased by 7.90 percent in January 2023 compared to January 2022, while the production of the textile sector, the backbone of the economy, has fallen by 13.21 percent during this period.
How cheap will Pakistan buy fuel from Russia?
According to the report of the Bureau of Statistics, the production of vehicles decreased by 35%, machinery by 52%, pharmaceuticals by 22% and tobacco production by 21%.
Production of wood products has decreased by 68%, petroleum production by 10%, beverages by 7%, rubber products by 7.68%, fertilizer production by 5.31%.
Preparations to drop another lightning bomb on the people?
According to the report, the production of computer, electronics products also fell by 23%, but the production of garments, leather products, furniture, football increased.