Lahore, Oct. 24 -- Pakistan's industrial base, once viewed as the country's main driver of sustainable economic growth, is rapidly losing steam. The large-scale manufacturing (LSM) sector continues to show alarming signs of stagnation despite government claims of economic stabilisation and improved global ties.

Analysts warn that beneath the veneer of macroeconomic progress lies a fragile core, weakened by inconsistent policymaking, escalating energy tariffs, and declining productivity across crucial sectors, as reported by The Express Tribune.

According to The Express Tribune, LSM, which makes up around 8 per cent of Pakistan's GDP and provides employment to millions, has been contracting intermittently for over two years. Official dat...