Islamabad : The Finance ministry on Tuesday said in its announcement that Large-Scale Manufacturing (LSM) momentum has sustained into December 2025. After 10.4% YoY growth in November, LSM posted +0.44% YoY in December with a strong +9.26% MoM jump, taking 1HFY26 (Jul–Dec) growth to +4.82% YoY.
It added that the December surge was led by:- Automobiles (+31.2% YoY; +67.2% in 1HFY26)- Garments (+9.2% YoY; +7.5% in 1HFY26) – Cement (+3.1% YoY; +11.6% in 1HFY26)- Beverages (+15.1% YoY; +5.4% in 1HFY26)- Tobacco (+44.6% YoY; +8.7% in 1HFY26)- Petroleum Products (+13.5% in 1HFY26)- Electrical Equipment (+10.9% YoY; +8.7% in 1HFY26), and,- Non-metallic Minerals (+10.5% in 1HFY26)
Reinforcing the broad-based nature of the recovery.What this means for Pakistan:- Growth momentum is continuing, with a strong sequential pickup in December.- Construction and industrial activity remain firm (Cement +11.6%, Non-metallic Minerals +10.5% in 1HFY26).- Energy and input sectors contributing positively (Petroleum Products +13.5% in 1HFY26).
– Consumer-linked sectors are accelerating (Autos +67%, Garments +7.5%, Beverages +5.4% in 1HFY26).
– Automobiles emerging as a key growth engine in 1HFY26.
Macro stability is now translating into sustained industrial expansion.
Pakistan’s manufacturing recovery is consolidating – with momentum now extending into the first half of FY26.
Sustainability in LSM growth is a good news for Pakistan. This area is showing pink pong behaviour historically. Sometimes , Pakistan ‘s LSM show good result and grow sharply , but on the other it goes down to pull down the entire table of Pakistan’s economic table.
