The output of The Large Scale Manufacturing Industries (LSMI) for the first two months of fiscal year 2022 has seen an increasing upwards trend as reflected in the figures shared by Pakistan Bureau of Statistics (PBS).
The data shows that Textile is the top contributing sector to the overall big industry and its output increased by 1.43 percent. Food, beverages and tobacco 6.74 percent, cooking and petroleum products 2.35 percent, pharmaceuticals 18.67 percent, chemicals 6.36 percent, automobiles 55.33 percent, iron and steel products 14.34 percent, leather products 20.21 percent, engineering products 6 percent, non-metallic mineral products 3.72 percent, paper and board 10.37 percent and wood products 15.81 percent during July-August 2021-22 compared to the same period of 2020-21.
Cement production witnessed four percent growth in July-August 2021-22, and remained 7.454milliontonnes compared to 7.167milliontonnes during the same period of last year. Tractors witnessed 38.67 percent growth in July-August 2021-22, and remained 9,263 numbers compared to 6,680 during the same period of last year.
Motorcycles witnessed 1.6 percent growth in July-August 2021-22, and remained 373,334 compared to 367,382 during the same period of last year.
The sectors showing decline during July-August 2021-22 compared to July-August 2020-21 included fertilizers 0.87 percent, 30.81 percent, and electronics 1.23 percent.
