LSMI observed another 10.4 percent growth

According to the Pakistan Bureau of statistics (PBS), the large scale manufacturing industries LSMI output increased by 10.4 percent in July- March 2021-22 as compared to the same time 2020-2021. The data released by the PBS also states that keeping the base year 2005- 2006 overall output of large scale manufacturing industries rose by 7% for July to March 2021 to 2022.

The data released by the PBS was according to the recordings provided by provincial Bureau of Statistics, the Oil Companies Advisory Council and the Ministry of Industries.
The statistical data released related to the large scale manufacturing described a month on month growth of 6.6% in March 2022 compared to the previous month and on year on year basis the Bureau witnessed a growth of 21% in March 2022 against March 2021.

The manufacturing companies that observed a rise in July – March 2021 -2022 include food, beverages ,tobacco, iron and steel products, coke and petroleum, machinery and equipment and automobiles and furniture while the manufacturers which observed a decrease in the production rate included rubber products, pharmaceuticals and electrical equipment.

Textile, the top contributing sector to the overall big industry output, increased by 3.2 per cent, wearing apparel 34 per cent, chemicals 7.8 per cent, automobiles 54.1 per cent, iron and steel products 16.5 per cent, leather products 1.5 per cent, fertilizers 3.3 per cent, machinery and equipment 8.9 per cent, wood products 157.5 per cent, paper and board 8.5 per cent, cock and petroleum products 2 percent,  food 11.7 per cent, beverages 0.7 per cent, tobacco 16.7 per cent, chemical products 15.2 per cent, furniture 301.8 per cent and other manufacturing (football) 37.8 per cent during July-March 2021-22 compared to the same period of 2020-21.

The sectors showing decline during July-March 2021-22 compared to July-March 2020-21 included pharmaceutical 0.4 per cent, rubber products 20.6 per cent, electrical equipment 1.1 per cent, fabricated metal 7.2 per cent and other transport equipment 10.2 per cent.
The Petroleum products increased by 1.13% and went up from 10.608 billion litres to 10.728 billion litres in July- March 2021-2022 while on a yearly basis the petroleum output increased from 1.15 billion litres to 1.307 billion litres.

Diesel products showed a negative growth of 0.05 percent and remained at 4.133 billion litres on an YoY basis. Furnace oil witnessed 7.48 percent growth, sugar production stood at 7.759 million tons this year and a 38 Percent growth was observed, cement industry showed a negative growth of 2.86 percent and remained 26.54 million tons this year.