Industrial growth rate plunges to 0.2pc in October 2024: Muzzammil Aslam

Advisor to Chief Minister Khyber Pakhtunkhwa on Finance and Inter-Provincial Coordination Muzzammil Aslam has claimed that the Pakistan’s industrial development has been frozen due to the current government’s poor policies, and the industrial growth rate was a mere 0.2 percent in October, based on data issued by the Pakistan Bureau of Statistics.
In an official statement issued here on Tuesday Mr Aslam criticized the government’s claim of economic recovery, pointing out that the 0.6pc industrial growth in the first four months of the current year is being touted as a success.
In contrast, during Imran Khan’s government, industrial growth was at 12pc, exports were booming, and employment was at its peak.
The advisor on Finance said that the country’s economy is currently stagnant, with unemployment at an all-time high, and people are being forced to leave the country. Reduced consumption of electricity and gas is also a clear indication of the economic downturn, he added.