Fall in industrial production – Opinion

The statistics on the Quantum Index of Manufacturing (QIM) has been released by the Pakistan Bureau of Statistics (PBS) for the month of October 2023. They are disappointing in nature.

Earlier, there was some evidence that a process of recovery had commenced in the large-scale manufacturing sector. From a big contraction in 2022-23 of 10% and as high a fall as 18% in June 2023, the sector…