Pakistan: Industrial output showed tangible growth
On November 30th, at a news conference in Islamabad, Finance Minister Muhammad Aurangzeb stated that the government's medium-term economic vision rests on moving from stabilisation to durable, broad-based and inclusive growth led by exports, remittances, productivity and private investment.
He said from July to October, cement production rose by 16 percent, fertiliser by nine percent, petroleum by four percent, automobiles by 31 percent, and mobile phone manufacturing by 26 percent. He said the large-scale manufacturing grew by 4.1 percent year-on-year in the first quarter, reflecting a positive shift compared to the contraction recorded last year.
Source: Radio Pakistan
