Pakistan’s Large-Scale Manufacturing Index (LSMI) recorded a 4.44% year-on-year (YoY) growth during July–August FY26, reaching 113.62, up from 108.79 in the same period last year, according to provisional data from the Pakistan Bureau of Statistics (PBS).
In August 2025, the LSMI stood at 112.04, reflecting a 0.54% increase compared to August 2024, though it showed a 2.75% decline from July 2025.
The rebound in manufacturing was primarily driven by robust growth in the automobile and cement sectors. Automobile production surged 130.68% YoY in August and 90.40% cumulatively in Jul–Aug FY26, contributing 1.83 percentage points to overall growth. Cement output rose 18.55% in August and 18.65% cumulatively, adding 0.98 points.
Other significant contributors included the food (1.02 points), tobacco (0.17 points), and wearing apparel (0.84 points, despite a 10.65% monthly dip) sectors. Positive contributions also came from paper & board (0.21 points), non-metallic mineral products (0.99 points), electrical equipment (0.08 points), and other transport equipment (0.23 points).
Despite overall growth, several key sectors faced challenges. Petroleum products output dropped 13.59% YoY in August, reducing cumulative performance by 2.69% and denting overall growth by 0.21 points. Textiles, the largest manufacturing sector, saw a 0.34% monthly decline, trimming 0.03 points from cumulative growth.
