Pakistan’s Massive Scale Manufacturing (LSM) Index elevated by 10.4 p.c year-over-year (YoY) and 0.2 p.c month-over-month (MoM) in November 2025.
In 5MFY26, the LSM index elevated by 6 p.c YoY.
LSM development was led by 61 p.c YoY development in Vehicles, 44 p.c YoY development in Petroleum merchandise, 33 p.c YoY development in Drinks, 18 p.c YoY development in Carrying apparels, and pharmaceutical merchandise barely up by 0.3 p.c.
Nevertheless, equipment & tools declined by 16 p.c YoY, and Leather-based merchandise had been down by 2.3 p.c YoY in November 2025.
In Topline Securities’ final report of GDP development launched on December 31, 2025, the brokerage home elevated its LSM goal from the sooner 2.5 p.c to the revised 4.0 p.c for FY26.