According to the Pakistan Bureau of Statistics (PBS) Pakistan’s Large Scale Manufacturing Industries (LSMI) production increased by 3.26 percent during the first five months of the current fiscal year (FY22) compared to the corresponding period of last year.
According to details, the highest increase of 4.72 percent during July-November FY22 was witnessed in indices monitored by the Oil Companies Advisory Committee (OCAC) followed by a 4.15 percent increase in indices monitored by the Ministry of Industries, and a 0.97 percent increase was witnessed in the products monitored by the Provincial Board of Statistics (PBS). On year on year basis (YoY), the industry grew by 0.30 percent during the month of November 2021 compared to the growth of November 2020, according to PBS data.
Similarly, on a month-on-month basis, the overall LSM growth was recorded at 1.91 percent during Nov 2021 compared to the preceding month of October 2021. The major sectors that showed positive growth during the period under review included textile which grew by 0.92 percent, food, beverages, and tobacco which grew by 1.46 percent, coke and petroleum products by 4.72 percent, pharmaceuticals 1.46 percent, chemicals 7.44 percent, automobiles 34.39 percent, iron and steel products 25.27 percent, leather products 8.23 percent, paper and board 8.45 percent, engineering products 1.52 percent and wood products registered a 200.46 percent growth.
