Production of tractors increases by 102pc in 6 months

ISLAMABAD: Production of tractors witnessed surge of 102.46 percent during the first half of the current fiscal year as compared to the same period of last year.

According to the latest data of Pakistan Bureau of Statistic (PBS), as many as 27,205 tractors were manufactured during July-December (2012-13) against the production of 13,437 tractors during July-December (2011-12).

On year-on-year basis, the production increased by 234.02 percent during December 2012 as compared to the output of December 2011, the data revealed.

As many as 5,655 tractors were produced during December 2012 as compared to the production of 1,693 units during December 2011.

It is pertinent to mention here that the overall growth of country's Large Scale Manufacturing (LSM) witnessed positive growth of 2.13 percent during the first six months of the current fiscal year over the corresponding period of the last financial year.

While, on year-on-year basis, the LSM grew by 6.5 percent during the month of December 2013 when compared to the same month of last year.

The Quantum Index Numbers (QIN) of LSM stood at 107.96 points during July December (2012 13) against 105.71 points during July December (2011 12).

During the period under review, industries monitored by Oil Companies Advisor Committee (OCAS) registered increase of 0.63 percent while the indices of Ministry of Industries grew by 0.21 percent and that of Provincial Bureaus of Statistics by 1.29 percent.