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Tractors manufacturing grew by 63.32% in first half

byCT Report
06/03/2017
in Business
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ISLAMABAD: Tractors manufacturing in the country during first six months of current financial year increased by 63.32 percent as compared to the corresponding period of last year.

During the period from July-December, 2016-17, as many as 21,336 tractors were manufactured against the production of 13,064 in same period of last financial year.

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According the computation of quantum index number (QIN) of large scale manufacturing industries of Pakistan Bureau of Statistics, during the month of December, 2016, about 4,447 tractors manufactured in the country as against the production of 813 tractors of same month of last year.

Meanwhile, in last six months trucks production grew by 63.63 percent and were recorded at 3,806 as against 2,326 of same period of last year.

On month on month basis, 680 trucks were manufactured in December, 2016 as against 447 trucks produced in corresponding month of last year.

During the period under review, domestic buses production also grew by 34.7 percent as 669 buses were manufactured in first two-quarters as compared the production of 499 buses manufactured in same period of last year.

Jeeps and cars manufacturing, however decreased by 2.72 percent as about 90,443 jeeps and cars were manufactured as against 92,963 jeeps and cars manufactured in same period of last year.

Similarly in first six months of current financial year, domestic production of motorcycles were recorded at 1,191,167  as against 994,822 of same period last year, showing a growth of 19.74 percent.

 

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