It’s raining cars!


Despite challenges of energy shortage, the production of various automobiles witnessed increase during the first month of the current fiscal year as compared to the same month of last year.
The production of jeeps and cars witnessed an increase of 2.35 percent in July 2012 as compared to the production of July 2011, according to the data of Pakistan Bureau of Statistics (PBS).
The production of cars and jeeps increased from 10,753 units in July 2011 to 11,006 units during July 2012, the PBS data revealed. Similarly, the production of Light Commercial Vehicles (LCV’s) witnessed surge of 45.33 percent by going up from 1,562 units in July 2011 to 2,270 units in July 2012. The production of motorcycles increased from 139,056 units in July 2011 to 139,125 units in July 2012, showing an increase of 0.05 percent. Production of buses increased from 32 units to 36 units, showing an increase of 12.50 percent while the production of tractors increased from 1,735 units to 4,569 units, showing growth of 163.34 units. However, the production of trucks during the month under review witnessed negative growth of 33.15 percent as its production decreased from 178 units in July 2011 to 119 units in July 2012, according to the data. It was pertinent to mention here that the overall Large Scale Manufacturing (LSM) witnessed growth of 0.60 percent during the month of July 2012 as compared to the same month of last year. Among the LSM Sector the indices monitored by Ministry of Industries witnessed increase of 0.26 percent whereas the indices monitored by the provincial Bureaus of Statistics witnessed increase of 0.54 percent. However, the indices monitored by Oil Companies Advisory Committee witnessed negative growth of 0.21 percent, the PBS data revealed.