ISLAMABAD: The country’s large scale manufacturing (LSM) sector has witnessed growth of 9.64 percent during July-October 2017-18 as compared to the corresponding period of last year.
The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 135.95 points during July-October 2017 against 123.99 points during same period of last year, according to the latest data of Pakistan Bureau of Statistics (PBS).
The highest growth of 5.9 percent was witnessed in the indices monitored by ministry of industries followed by Provincial Bureaus of Statistics (PBOS) with 2.69 percent and the indices of Oil Companies Advisory Committee (OCAC) with 1.06 percent.
On year-on-year and month-on-month basis, the industrial output increased by 8.77 percent in October 2017 as compared to October 2016 while it increased by 5.59 per cent when compared to July 2017.
Meanwhile, the major sectors that showed growth during four months of current fiscal year as compared to same period of the previous year, included textile (0.70 percent), food, beverages and tobacco (14.24 percent), coke and petroleum products (15.67 percent), pharmaceuticals (2.93 percent), non metallic mineral products (13.03 percent), chemicals (2.29 percent), automobiles (28.4 percent), iron and steel products (44.39 percent), electronics (65.03 per cent), paper and board (7.56 percent), engineering products (15.29 per cent), rubber products (4.14 percent), and wood products (1.37 percent).
On the other hand, the industries that witnessed negative growth included fertilizers industry with a decline of 9.84 per cent, and leather products with negative growth of 2.72 per cent.
The provisional QIM is being computed on the basis of the latest production data of 112 items received from sources including OCAC, Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBoS). OCAC provides data of 11 items, MoIP of 36 items while PBoS proved data of remaining 65 items.
