on Jun 16, 2026
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Pakistan’s large-scale manufacturing (LSM) grew 6.48% in the first nine months of FY2025-26, the strongest performance in four years. Growth was recorded in 16 of 22 tracked industrial sectors. The automobile sector led with a 61% surge. The economy expanded 3.7% for the full year, falling short of the government’s 4.2% target but recovering measurably from the contraction years of 2022-23.

The aggregate numbers are encouraging. The sector-by-sector picture is more complicated. Pakistan’s four largest manufacturing categories, textiles, pharmaceuticals, automotive, and food processing, are each at a different stage of development,.

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