ISLAMABAD - Despite energy crisis and other related challenges, the country's Large Scale Manufacturing (LSM) witnessed growth of 1.02 percent during the first ten months of the ongoing fiscal year as compared to the growth of the corresponding period of last year.
The provisional Quantum Index Numbers (QIM) of Large Scale Manufacturing Industries was recorded at 112.71 points during July-April (2011-12) against 111.58 points during July-April (2010-11), according to data of Pakistan Bureau of Statistics (PBS).
The Provisional QIM is being computed on the basis of latest production data of 112 items received from sources including Oil Companies Advisory Committee (OCAC), Ministry of Industries & Production (MoIP) and Provincial Bureaus of Statistics PBoS).
OCAC provides data of 11 items, MoIP of 36 items while PBoS proved data of remaining 65 items.
According to the PBS data, the highest growth of 0.98 percent was witnessed in the indices of Ministry of Industries that increased from 111.14 during last year to 112.70 during the ongoing year.
Similarly, the indices of PBoS increased from 122.89 points last year to 125.03 points this year, showing an increase of 0.42 percent.
However, the indices of OCAC witnessed negative growth of 0.39 percent as it declined from 83.48 points last year to 77.89 points this year, the data revealed.
However, on month-on-month basis, the overall industrial growth decreased by 11.94 percent during April 2012 when compared to growth of 112.64 points during March 2012.
Similarly, on year-on-year basis, the industrial growth decreased by 1.87 percent during April 2012 as compared to 112.64 points of the same month of last year.
Meanwhile, the major sectors have showed growth during July-April (2011-12) included food beverages and tobacco, production of which increased by 5.78 percent.
Similarly, the pharmaceutical sector witnessed growth of 8.33 percent, non-metallic mineral products 2.42 percent, paper and board 20.85 percent while the textile industry grew by 0.65 percent during the period under review.
The other LSM industries that witnessed positive growth in production included, wood products, production of which increased by 2.94 percent, automobiles by 0.38 percent whereas the fertilizer production increased by 1.37 percent.
On the other hand, the LSM industries that witnessed negative growth included iron and steel, production of which decreased by 27.24 percent during the period where as the production of coke and petroleum products also declined by 7.85 percent.
Similarly, the production of electronics decreased by 7.17 percent, chemicals by 3.68 percent, rubber products by 24.06 percents while the production of engineering products decreased by 11.71 percent.