According to the data released by the Pakistan Bureau of Statistics, the textile industry in Pakistan’s large-scale manufacturing (LSM) sector reported a 3.74 per cent decline in the yarns category, 5.90 per cent decline in the cloth category 1.83 per cent decline in the garments category in October 2023. As a whole, the LSM category declined by 4.08 per cent Y-o-Y during the month.

Of the 22 LSM sectors in the country, 13 experienced negative growth during the month with beverages, wearing apparels, petroleum products, electrical equipment, non-metallic mineral products, and transport equipment reporting notable contraction. Overall, the sector contracted by 0.44 percent during the first four months of the current fiscal year compared to the same period of last year.

The wheat and rice categories in the food group declined by 5.02 per cent, while cooking oil production rose by 18.39 per cent, blended tea by 13.37 per cent, and vegetable ghee by 5.20 per cent.