Industrial sector poised for recovery with 4.4% growth target in 2024-2025: annual plan

ISLAMABAD, June 12 (APP): The industrial sector is expected to rebound in FY 2024-25 with a targeted growth rate of 4.4%, driven by a projected growth in large-scale manufacturing (LSM) of 3.5%. .

According to the 2024-25 annual plan released on Wednesday, the recovery in the industrial sector is expected to be driven by improvements in inputs and energy supplies, easing import restrictions, increased public spending, stable exchange rates and lower interest rates, which will also lead to a decline in prices of construction materials and support the construction industry’s target growth of 5.5%.