Slowdown deepens as investment not enough to cover even asset depreciation
Urges value addition in textile exports, modernisation of manufacturing units. PHOTO: AFP
Pakistan’s manufacturing sector, once considered the backbone of its economic expansion and employment generation, is witnessing one of its most critical slowdowns in recent years. A sharp decline in private investment, dropping by more than 46% over the last six years, has raised alarm among industrialists and economists who believe that the stagnation in production and value addition could have long-term consequences for the country’s gro
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