Large scale manufacturing up by 2% year on year

According to the data released by the Pakistan Bureau of Statistics (PBS) it has been revealed that the LSM has increased by 2.04 percent when compared to march 2023.

Overall, Large Scale Manufacturing Sector has shown a growth of -0.10% during July-March 2023-24 when compared with the same period of last year. The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for March 2024, with base year 2015-16, have been developed on the basis of the latest data supplied by the source agencies..

The sectors showing growth during July-March 2023-24 compared to July-March 2022-23 are food (1.69 per cent), wearing apparel (5.41 per cent), leather products (5.32 per cent), wood products (12.09 per cent), coke and petroleum products (4.85 per cent), chemicals (7.95 per cent), chemicals products (-3.45 per cent), fertilizers (16.40 per cent), pharmaceuticals (23.19 per cent), rubber products (3.60 per cent), machinery and equipment (61.54 per cent), and furniture (23.13 per cent).

The sectors showing decline during July-March 2023-24 compared to July-March 2022-23 are beverages (3.43 per cent), tobacco (33.59 per cent), textile (8.27 per cent), paper and board (1.96 per cent), non-metallic mineral products (3.89 per cent),iron and steel products (2.20 per cent), fabricated metal (5.42 per cent), computer, electronics and optical products (15.99 per cent), electrical equipment (7.47 per cent), automobiles (36.41 per cent), and other transport equipment (10 per cent).