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Sarosh Elahi

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According to the latest figures published by the Pakistan Bureau of Statistics (PBS) the large-scale manufacturing index (LSMI) shrank by 3.28 per cent in the first month of the current fiscal year. Industries that saw the highest levels of decline include Food & Beverages, Textile, Pharmaceutical, Chemical, Fertilisers, Leather, Iron and Steel. According to leading analysts factors that contributed to this reduction in output came in the form of inflationary pressures and the high costs…