ICCI calls for boosting LSM growth for economic revival | Pakistan Today

ICCI calls for boosting LSM growth for economic revival

Significant growth of Large Scale Manufacturing (LSM) is essential for economic development. Therefore, Government should devise an economic revival plan for boosting growth of LSM sector. LSM has shown minor growth of 1.02 percent in the first ten months of the ongoing financial year 2011-12 over the corresponding period last year, reflecting overall weak performance of the economy, growth oriented measures were required to be taken to pull the ailing industrial sector out of crisis, Asad Farid, Acting President Islamabad Chamber of Commerce and Industry (ICCI) has said in a statement. He was responding to the reports that the growth of LSM sector has drastically reduced by 12 percent in April 2012 as compared to the month of March 2012 which has showed that LSM has performed below its potential.



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