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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,072
6824hr
Pakistan Cases
1,218,749
2,92824hr
5.08% positivity
Sindh
448,658
Punjab
419,423
Balochistan
32,707
Islamabad
103,720
KPK
170,391

ISLAMABAD: The overall output of Large Scale Manufacturing Industries (LSMI) increased by 14.57 percent for July-May 2020-21 compared to July-May 2019-20, as most of the major manufacturing sectors posted growth, the data released by the Pakistan Bureau of Statistics (PBS) showed Tuesday.

According to provisional Quantum Index numbers of Large Scale Manufacturing Industries (QIM), the LSMI output increased by 36.84 percent for May 2021, compared to May 2020, and decreased by 3.93 percent, if compared to April 2021.

The LSMI Quantum Index Number (QIM) was recorded at 149.07 points during July-May 2020-21 against 130.11 points, during the same period of the preceding year.

The LSM data released by the PBS after collecting it from the Provincial Bureau of Statistics (BOS), the Oil Companies Advisory Council (OCAC) and the Ministry of Industries showed that the OCAC recorded month-on-month decline of 8.32 percent in May 2021 against previous month, and 4.15 percent growth was recorded year-on-year in May 2021 against May 2020.

The data showed that the Ministry of Industry-related sectors witnessed negative growth of 6.49 percent in May 2021 against April 2021 on MoM basis, while year-on-year basis, it registered a growth of 45.06 percent in March 2021 as compared with same month of 2020.

The PBS data said that LSM-related data to the BOS month-on-month witnessed 2.35 percent growth in May 2021 against the previous month, and on YoY basis, BOS witnessed growth of 29.59 percent in May 2021 against May 2020.

The production in July-May 2020-21 as compared to July-May 2019-20 has increased in textile, food, beverages and tobacco, coke and petroleum products, pharmaceuticals, chemicals, automobiles, fertilisers, paper and boards and iron and steel products, while it decreased in wood products, engineering products, electronics, rubber products, and leather products.

Textile, the top contributing sector to the overall big industry output, increased by 15.64 percent, food, beverages and tobacco 11.71 percent, coke and petroleum products 16.22 percent, pharmaceuticals 12.15 percent, chemicals 18.78 percent, automobiles 47.81 percent, non-metallic mineral products 26.08 percent, fertilisers 6.99 percent, paper and board 3.24 percent, and iron and steel products 14.14 percent during July-May 2020-21 compared to the same period last year.

The sectors showing decline during July-May 2020-21 compared to July-May 2019-20 included electronics 5.76 percent, engineering products 15.63, leather products 29.07 percent, wood products 37.76 percent, and rubber products 14.05 percent.

The petroleum products witnessed an increase of 16.22 percent as its output went up from 11.158 billion liters during July-May 2019-20 to 12.968 billion liters in July-May 2020-21, while on year-on-year petroleum sector witnessed growth of 4.15 percent as its output increased from 1.083 billion litre in May 2020 to 1.128 billion litres in May 2021.

High-speed diesel witnessed 21.55 percent growth as its output remained 5.051 billion liters during July-May 2020-21 compared to 4.155 billion liters during the same period of last year, and 0.07 percent negative growth in May 2021, and remained 456.37 million liters compared to 456.68 million liters during the same period of last year.

Furnace oil witnessed 5.59 percent growth in output and remained 194.92 million liters in May 2021 compared to 184.60 million liters in May 2020, and 12.60 percent growth in July-May 2020-21 and remained 2.462 billion liters compared to 2.186 billion liters during the same period of last year.

Motor spirit witnessed 13.45 percent negative growth in May 2021 and remained 271.20 million liters compared to 313.33 million in May 2020 and witnessed 27.33 percent growth in July-May 2020-21, and remained 3.110 billion liters compared to 2.442 billion liters during the same period of last year.

The LPG witnessed 26.60 percent growth in May 2021 and remained 70.98 million liters compared to 56.07 million liters in May 2020 and 14.44 percent growth in July-May 2020-21, and remained 800.06 million liters compared to 699.14 million liters during the same period of last year.

Jet fuel oil witnessed 53.87 percent growth in May 2021 and remained 44.60 million liters compared to 28.99 million liters in May 2020 and 19.81 percent decline in July-May 2020-21, and remained 561.85 million liters compared to 700.69 million liters during the same period of last year.

Kerosene oil witnessed 96.76 percent growth in May 2021 and remained 7.93 million liters compared to 4.03 million liters in May 2020 and 11.07 percent increase in July-May 2020-21, and remained 105.90 million liters compared to 95.35 million liters during the same period of last year.

Sugar witnessed 16.55 percent growth during July-May 2020-21 and remained 5.683 million tons compared to 4.876 million tons during the same period of last year, and registered 31.75 percent growth in May 2021, and remained 0.039 million tons compared to 0.030 million tons during the same period of last year.

Cement witnessed 26.80 percent growth during July-May 2020-21 and remained 45.137 million tons compared to 35.598 million tons during the same period of last year, and registered 48.36 percent growth in May 2021, and remained 3.292 million tons compared to 2.21 million tons during the same period of last year.

Tractors witnessed 59.03 percent growth during July-May 2020-21 and remained 45,432 numbers compared to 28,568 million numbers during the same period of last year, and registered 15.31 percent growth in May 2021, and remained 4,105 numbers compared to 3,560 million during the same period of last year.

Copyright Business Recorder, 2021

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