Pakistan LSMI output rises 3% YoY in July 2026

The Pakistan Bureau of Statistics reported that large scale manufacturing output grew 3.03% year on year in July 2026, the opening month of fiscal 2026-27. Monthly output rose 9.51% over June, based on provisional figures compiled with 2015-16 as the base year. The Quantum Index of Manufacturing stood at 119.13 last month, compared with 115.62 in July 2025 and 108.78 in June.

Automobiles and garments were the main drivers, with automobile output jumping 57.01% and garment production rising 22.03% in the year. Cement gained 6.17%, cotton yarn edged up 2.73% and petroleum products added 1.34%. On the downside, pharmaceuticals fell 20.79%, iron and steel dropped 11.40% and fertilizers slipped 4.71%.

Garments contributed 3.87 percentage points to the overall 3.03% annual rise, while automobiles added 1.91 points and ranked second. Pharmaceuticals was the largest drag, subtracting 1.24 points, while food, textiles and chemicals also weighed on overall growth.