In this photograph taken on November 16, 2016, Pakistani workers operate a machine at a textile factory in Faisalabad. As Pakistan slowly emerges from a long-term power crisis, its once booming textile sector is scrambling to find its feet -- but high energy costs and a decade lost to competitors mean recovery is far from assured. Energy production was severely depressed for more than 10 years due to chronic under-investment, inefficiencies in the power network and an inability to collect sufficient revenue to cover costs. / AFP PHOTO / KHALIL UR-REHMAN / TO GO WITH AFP STORY: Pakistan-Energy-Industry-Textiles, FOCUS by Caroline Nelly PERROT
The Large Scale Manufacturing Industries (LSMI) output increased by 1.01 percent for September 2023 when compared with September 2022 and decreased by 3.56 percent when compared with August 2023, according to data issued by the Pakistan Bureau of Statistics (PBS) on Wednesday.
Overall Large Scale Manufacturing Sector has shown a growth of 0.68 percent during July-September 2023-24 when compared with the same period of last year.
The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for September 2023 with the base year 2015-16 have been developed on the basis of the latest data supplied by the source agencies.
The main contributors towards overall growth of 0.68 percent are, Food (0.61), Tobacco (-0.71), Textile (-4.26) Garments (5.47), Petroleum Products (0.86), Chemicals (0.16), Pharmaceuticals (1.81), Cement (0.84), Iron & Steel Products (-0.11), Electrical Equipment (-0.47) and Automobiles (-1.45), Paper & Board (-0.18) and Furniture (-2.09).
The production in July-September 2023-24 as compared to July-September 2022-23 has increased in Food, Beverages, Wearing apparel, Coke & Petroleum Products, Chemicals, Fertilizers, Pharmaceuticals, Non-Metallic Mineral Products, Machinery and Equipment and Other Manufacturing (Football) while it decreased in Tobacco, Textile, Iron & Steel Products, Electrical Equipment, Automobiles, Other Transport Equipment and Furniture.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.