SBP lists factors impeding economic activities

KARACHI (April 21, 2009): Global recession, severe power outages and bad law and order conditions have taken their toll on domestic economic activities, said the State Bank of Pakistan in its monetary policy statement on Monday. The SBP said that dismal performance of large scale manufacturing (LSM) in July-February, FY09 with negative growth of 5.7 percent, and weaker than target growth of agriculture sector point towards the weaker real economic activities of commodity producing sector for FY09.