The country’s Large Scale Manufacturing (LSM) has registered positive growth of 2.38 percent during the first five months of the current fiscal year over the corresponding period of the last financial year.
On a year-on-year basis, the LSM grew by 6.5 percent during the month of November 2012 when compared to the same month of last year, according to the data of Pakistan Bureau of Statistics (PBS). The overall Quantum Index Numbers (QIN) of LSM stood at 105.66 points during July-November (2012) against 103.20 points during July-November (2012).
During the period under review, industries monitored by Oil Companies
Advisor Committee (OCAS) registered increase of 0.63 percent growth while the indices of Ministry of Industries grew by 0.48 percent and that of Provincial Bureaus of Statistics by 1.27 percent. The manufacturing items that witnessed growth during the first five months of the current year over the same period of last year included food beverages and tobacco (7.96%), Iron and Steel products (16.80%), coke and petroleum products (9.86%), paper and board (33.68%), chemicals (0.17%), rubber products (30.02%), pharmaceutical (6.17%), non-metallic mineral products (3.35%) and textile (0.01%).
The manufacturing items that witnessed decrease in production during the period included fertilizers (14.54%), electronics (13.62%), leather products (5.10%), wood products (19.18%), engineering products (10.95%) and automobiles (8.73%).
Meanwhile, the industrial growth during November 2012 increased by 6.50 percent but decreased by 1.12 percent when compared to the growth of November 2011 and October 2012 respectively. The manufacturing items that witnessed growth in November 2012 over the same month of last year included beverages and tobacco (6.09%), Iron and Steel products (35.80%), coke and petroleum products (21.36%), paper and board (49.64%), chemicals (0.46%), rubber products (19.64%), pharmaceutical (9.91%), non-metallic mineral products (13.60%) and textile (1.09%). The manufacturing items that witnessed decrease in production during
November included fertilizers (3.88%), electronics (35.31%), leather products (20.02%), wood products (22.72%), engineering products (1.37%) and automobiles (8.60%).
