ISLAMABAD – Although the overall Large Scale Manufacturing (LSM) growth witnessed a downturn of 2.30 percent during the first five months of the current financial year; the production of several electric appliances and light weight automobiles actually rose.
The production of jeeps and cars has gone up by 16.42 percent by growing from 47,034 vehicles in July-November (2009-10) to 54,755 vehicles in July-November (2010-1011), according to data provided by the Federal Bureau of Statistics (FBS). There has been 16.49 percent growth in the production of light commercial vehicles (LCV) during the period under review.
LCV production during the period under review was recorded at 7,362 vehicles against the production of 6,320 vehicles during the same time last year. Motorcycle production during the period was recorded at 620,628 vehicles against the production of 545,425 vehicles last year, showing an increase of 13.79 percent.
Production of jeeps and cars, LCVs and motorcycles increased by 10.22 percent, 19.68 percent and 20.90 percent respectively during November 2010 as compared to the same month of last year, figures revealed.
However the production of heavyweight vehicles witnessed negative growth as the production of tractors decreased by 10.05 percent, trucks by 3.85 percent while the production of buses decreased by 31.79 percent during July-November (2010-11) as compared to last year.
The electric appliances witnessing growth in production during the first five months of the current year included electric meters, production of which grew by 17.90 percent.
Similarly, the production of electric motors rose by 4.94 percent, switch gears by 63.16 percent, electric transformers by 13.45 percent while the production of television sets grew by 40.27 percent.
On the other hand, production of air conditioners, electric bulbs, electric tubes and electric fans witnessed negative growth, according to relevant data.
Overall LSM production during the five months monitored, exhibited negative growth of 2.30 percent, according to the FBS data while industrial growth during November 2010 fell by 4.69 percent compared to the same month during the previous year.
