The Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -1.87 percent during the first six months (July- November) of fiscal year 2024-25 (FY25) when compared with the same period of last year, says the Pakistan Bureau of Statistics (PBS).
The LSMI output decreased by 3.73 percent for December 2024 when compared with December 2023 and increased by 19 percent when compared with November 2024.
The provisional quantum indices of Large-Scale Manufacturing Industries (LSMI) for December 2024 with base year 2015-16 have been developed on the basis of latest data supplied by the source agencies i.e. OCAC, Ministry of Industries and Production, Ministry of Commerce and Provincial Bureau of Statistics (BoS).
According to the provisional quantum index numbers of the large-scale manufacturing industries, the LSMI quantum index number (QIM) estimated for December 2024 is 127.51. QIM estimated for July-December, 2024-25 is 112.20.
The main contributors towards overall growth of -1.87% are, Food (-0.13), Tobacco (0.25), Textile (0.36) Garments (1.43), Petroleum Products (-0.02), Automobiles (0.77), Cement (-0.55), Iron & Steel Products (-0.59), Electrical Equipment (-0.60), Machinery and Equipment (-0.15) and Furniture (-2.27).
The production in July-December 2024-25 as compared to July-December 2023-24 has increased in Tobacco, Textile, wearing apparel, Automobiles and Other Transport Equipment while it decreased in Food, Coke & Petroleum Products, Chemical Products, Non Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Machinery and Equipment, and Furniture.
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