According to the Pakistan Bureau of Statistics, in the second month of fiscal year 2017-18 Large-scale manufacturing (LSM) saw year-on-year growth of 8.5 percent.
LSM reported a year-on-year growth rate of 13% in July. The growth rate underwent an increase of 5.6% in the year 2016-17 and the target set by LSM for the year 2017-18 is 6.3%.
The growth rate was reported to be 11.3% in July-August, on a year over on year basis.
The contribution of LSM in manufacturing stands at 80%, while its contribution to GDP is 10.7%. Contributions by small-scale manufacturing, on the other hand, remain at 13.7% within manufacturing and 1.8% in GDP.
A production report received by the Ministry of Industries revealed that the 36 items mentioned in the report contributed to 5.44% growth in LSM. The production data provided by the provincial bureaus of statistics reported 65 items that led to a contribution of 1.3%.
The production data provided by the Oil Companies Advisory Committee (OCAC) represented 11 items contributing to 1.8% of LSM growth.
Data from industries revealed the growth rate contributions made by the following product categories:
Mentioned below are the production rates of different products recorded in the month of August:
Items that recorded a negative growth rate:
Items that recorded a positive growth rate:
Via Dawn