ISLAMABAD: Despite energy crisis and other related challenges, the country's large scale manufacturing (LSM) witnessed growth of 1.17 percent during the financial year 2011-12 as compared to the growth of last fiscal year.
The quantum index number of LSM was recorded 112.39 points during July-June (2011-12) against 111.09 points during July-June (2010-11), reported Pakistan Bureau of Statistics (PBS).
The provisional QIM is being computed on the basis of latest production data of 112 items received from sources including Oil Companies Advisory Committee (OCAC), Ministry of Industries & Production (MoIP) and Provincial Bureaus of Statistics (PBoS). OCAC provides data of 11 items, MoIP of 36 items while PBoS proved data of remaining 65 items.
According to the PBS data, growth of 0.75 percent was witnessed in the indices of PBoS that increased from 124.83 in 2010-11 to 128.63 during the year under review.
Similarly, the indices of MoIP increased from 109.87 points to 111.04 points, showing an increase of 0.74 percent.
However, the indices of OCAC witnessed negative growth of 0.32 percent as it declined from 83.27 points to 78.60 points, the data revealed.
On the other hand, on year-on-year basis, the industrial growth increased by 0.24 percent during June 2012 when compared to June last year.
However, on month-on-month basis, the industrial growth decreased by 2.11 percent during June 2012 when compared to the growth of May last, the data revealed.
The sectors that showed growth during July- June (2011-12) compared to July- June, 2010-11 included food beverages and tobacco, production of which increased by 6.41 percent.
Similarly, the other products that witnessed positive growth included pharmaceuticals (6.98 percent), non-metalic mineral products (0.38), paper and board (19.19 percent), textile (0.26 percent) automobiles (3.31 percent) and fertilizers (0.08 percent).
The sectors that showed decline in production during the period under review included iron and steel products (23.30 percent), coke and petroleum products (6.73 percent), electronics (6.85 percent), chemicals (2.66 percent), rubber products (23.21 percent), engineering products (12.42 percent), wood products (4.78 percent) and leather products (0.50 percent).
Comments
Comments are closed for this article.