ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 3.89 percent during the first six months of current fiscal year as compared to the corresponding period of last year.
The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 124.9 points during July-December (2015-16) against 120.23 points during same period of last year, revealed data of Pakistan Bureau of Statistics (PBS) here.
The highest growth of 2.09 percent was witnessed in the indices monitored by ministry of industries followed by Provincial Bureaus of Statistics (PBOS) with 1.27 percent while the indices of Oil Companies Advisory Committee (OCAC) decreased by 0.53 percent.
On year-to-year basis, the industrial growth increased by 2.28 percent in December 2015 as compared to same month of the year 2014 while on month-to-month basis,the industrial growth posted a sharp increase of 14.48 percent in December 2015 when compared to growth of November 2015, the data revealed.
Meanwhile, the major sectors that showed growth during July-December (2015-16) included textile (1.02 percent), food, beverages and tobacco (0.10 percent), coke and petroleum products (6.81 percent), pharmaceutical (6.84 percent), chemicals (11.64 percent), non metallic mineral products (6.71 percent), automobiles (32.25 percent), fertilizers (15 percent), leather products (1.16 percent) and rubber products (9.81 percent)
On the other hand, the LSM industries that witnessed negative growth, included iron and steel products (8.62 percent), electronics (7.46 percent), paper and board (14.03 percent), engineering products (18.59 percent) and wood products (40.12 percent).
The provisional QIM is being computed on the basis of the latest production data of 112 items received from sources including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (Moi) and Provincial Bureaus of Statistics (PBoS).
OCAC provides data of 11 items, Moi of 36 items while PBoS proved data of remaining 65 items.
Comments
Comments are closed for this article.