Pakistan’s industrial sector has recorded an outstanding growth rate of 9.38 percent during the current fiscal year, a colossal leap from just 0.12 percent last year, with the automobile sector expanding by an extraordinary 84.6 percent.
Federal Minister for Planning Ahsan Iqbal said today that the country’s economy is moving in a positive direction, with significant growth in key sectors due to strategic policy reforms introduced by the Special Investment Facilitation Council.
The manufacturing sector registered a healthy expansion of 5.78 percent, complemented by significant advancement in the transport sector, which grew by 40.7 percent.
Gains were also reported in the country”s agricultural base, which saw an increase of 2.89 percent. The livestock sub-sector demonstrated even more robust performance, with a growth of 6.29 percent.
Furthermore, the finance and insurance sector has shown a strong rebound, growing by 10.36 percent and marking a remarkable recovery from the negative impacts experienced in the previous year.