ISLAMABAD – Despite an alarming energy deficit, the production of Large Scale Manufacturing (LSM) grew by 1.03 percent during the first seven months of the current year compared to the same period last year.
The overall Quantum Index Numbers (QIN) of LSM stood at 200.63 points during July-January (2010-11) as compared to 198.59 points in July-January (2010-11) last year, according to data of Federal Bureau of Statistics (FBS).
The QIN shows industrial productivity of 100 items collected by Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production and provincial bureaus of statistics (PBOS). The official data for petroleum products compiled by OCAC showed a negative growth of 6.25 percent, the Indices of ministry of Industries showed increased of 0.69 percent while the POBS indices grew by 2.66 percent during the period under review.
Meanwhile, industrial production during January 2011 increased by 0.83 percent as compared to December 2010. The over all growth during January was recorded at 225.98 points against 224.13 points in December 2010.
The products that showed positive growth during the selected period included Lubricating oil with 10.90 percent, solvent naphtha registering 17.83 percent, sugar indicating 8.08 percent, cotton yarn exhibiting 1.46 percent, cotton cloth showing 0.34 percent, paper and board notching up 6.83 percent, phosphate fertiliser with 2.62 percent, jeeps and cars indicating 15.10 percent, LCVs showing 21.1 percent, motorcycles with 17.98 percent.
Other items that witnessed an increase in production included vegetable ghee (3.81 percent), cooking oil (14.73 percent), wheat and grain milling (6.99 percent), starch and associated products (14.56 percent), upper leather (5.28 percent), sole leather (85.83 percent), footwear (20.71 percent), motor tyres (7.54 percent), safety razor blades (17.92 percent) and refrigerators (0.84 percent).
Products that registered negative growth during July-December (2010-11) included jet fuel oil (13.21 percent), kerosene oil (28.35 percent), motor spirits (7.96 percent), high speed diesel (5.02 percent), diesel oil(24.79 percent), furnace oil (7.69 percent), jute batching oil (22.88 percent), LPG (18.30 percent), cigarettes (3.35 percent), jute goods (20.30 percent), hessian (0.03 percent), sacking (29.92 percent), soda ash (5.50 percent) and caustic soda (4.52 percent).
Other important items included fertiliser (9.14 percent), glass plates and sheets (14.11 percent), cement (10.58 percent), pig iron (21.79 percent) and billets (6.08 percent),
In addition, industrial items that witnessed negative growth included tractors (3.30 percent), Trucks (12.20 percent), buses (26.06 percent), tea blended (0.83 percent), beverages (15.24 percent), woollen & carpet yarn (35.30), knitting wool (10.58 percent), cotton ginned (10.51 percent), injections (30.25 percent), paints (16.02 percent), cycle tyres (10.58 percent), cycle tubes (11.31 percent), motor tubes (6.03 percent), diesel engines (19.61 percent), deep freezers (40.97 percent), air conditioners (17.37 percent), electric bulbs (15.40 percent), electric tubes (52.31 percent), electric fans (7.30 percent) and electric motors (7.34 percent).
LSM notches up 1.03pc growth in first seven months of financial year
