ISLAMABAD: The Production of cars and jeeps increased by 11.29 percent during the first eight months of the current fiscal year (2011-12) as compared to the production during the corresponding period of last year.
As many as 96,268 jeeps and cars were produced during July- February (2011-12) against the production of 86,504 units during July-February (2010-11), according to data of Pakistan Bureau of Statistics (PBS).
The production of Light Commercial Vehicles (LCVs) also increased by 7.43 percent during the period by going up from 12,000 units last year to 12,892 units during the current year.
Production of busses increased from 308 units to 385 units, showing increase of 25 percent while the production of motorcycles during the period increased by 3.95 percent by going up from 1,058,613 units to 1,100,431 units, the data revealed.
However, the production of tractors and trucks decreased by 54.88 percent and 8.30 percent respectively during the period.
The production of tractors stood at 45,706 units last year to 20,624 units this year while the production of trucks decreased from 1,807 units to 1,657 units, according to the data.
On month-on-month basis, the production of jeeps and cars surged by 21 percent during February 2012 as compared to the production of February 2011.
The production of jeeps and cars during February 2012 stood at 13,269 units against the production of 10,967 units during February 2011.
However, sharp increase of 44.74 percent was witnessed in the production of LCVs, out put of which increased from 1,254 units during last February to 1,815 units in February 2012.
Output of busses also surged by 277 percent during the month under review by going up from 30 units last February to 113 units during February 2012.
Production of trucks also increased from 187 units last February to 214 units during February 2012, showing an increase of 14.44 percent in output.
But, motorcycle production during February 2012 witnessed negative growth of 2.51 percent by falling from 138,004 units during February 2011 to 134,536 units during February 2012.
The output of tractors during the month under review also declined by 19.75 percent by falling from 7,138 units to 5,728 units, the data revealed.
It is pertinent to mention here that the overall industrial production witnessed 1.78 percent growth during the first eight months of the current fiscal year.
The Industries monitored by Ministry of Industry and Provincial Bureaus of Statistics witnessed positive growth of 1.3 percent and 0.64 percent respectively while the indices provided by the Oil companies Advisory Committee (OCAC) witnessed negative growth of 0.15 percent.
The Indices of Ministry of Industry increased from 108.66 last year to 110.68 units this year while the indices of Provincial Bureaus of Statistics increased from 120.84 points to 124.02 points.
However, the indices of OCAC decreased from 82.08 points to 79.88 points, according to the PBS data.
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