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Large-scale manufacturing grows 4.4pc in July-Nov

Large-scale manufacturing grows 4.4pc in July-Nov

ISLAMABAD: Large-scale manufacturing (LSM) grew 4.43 per cent year-on-year in the first five months (July-November) of 2015-16.

In November, the sector posted a year-on-year growth of 4.73pc, Pakistan Bureau of Statistics data showed on Friday.

Major sub-sectors that contributed to the growth included automobiles (32.29pc), fertilisers (15.24pc), chemicals (11.02pc), pharmaceuticals (6.44pc) and petroleum products (4.53pc).

During the period under review, stability was seen in the sector as a number of groups performed well as compared to last year.

Iron and steel products showed improved performance on account of government bailout package and a 13.1pc rise in the production of billets/ingots.

Likewise, the automobile sector flourished due to introduction of new models.

Trucks production rose 25.85pc, buses 83.98pc, cars and jeeps 45.95pc and LCVs (light commercial vehicles) 147.98pc. Production of motorcycles increased by 16.13pc. However, production of tractors fell by 40.44pc during the period, despite a cut in general sales tax from 16pc to 10pc.

The demand for commercial vehicles increased on account of the Punjab government’s Apna Rozgar Scheme.

In electronics products, refrigerators production rose 0.87pc, deep freezers 19.82pc, air-conditioners 26.96pc, switch gears 39.62pc and storage batteries 6.22pc.

However, production of electric-bulbs, tubes, fans, motors, meters and electric transformers fell during the period.

In pharmaceuticals, injections, capsules and tablets managed to grow by 12.22pc, 13.45pc and 3.51pc, respectively.

In non-metallic mineral products, cement grew by 5.28pc.

Petroleum products grew mainly on the back of a 6.69pc rise in production of furnace oil, high speed diesel 4.35pc, lubricants 6.73pc, petroleum products 70.05pc and jet fuel 4.02pc.

In food and beverages and tobacco group, ghee production rose 4.19pc, cooking oil 9.58pc and tea 14.32pc.

Courtesy : Dawn News



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