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Pakistan's industrial output records 2.25% growth in July

Karachi: Pakistan Bureau of Statistics (PBS) Wednesday reported that the Large Scale Manufacturing Industries’ (LSMI) production grew up by 2.25 percent during the first month of fiscal year 2021-22 as compared to the corresponding month of FY2020-21.

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Pakistan's industrial output records 2.25% growth in July
Pakistan's industrial output records 2.25% growth in July

The LSMI Quantum Index Number (QIM) was recorded at 138.01 points during July 2021 against 134.97 points during July 2020, showing growth of 2.25 percent, latest PBS data suggested.

The highest increase of 1.57 percent was witnessed in the indices monitored by the Provincial Boards of Statistics (PBoS), followed by 0.89 percent increase in indices monitored by the Ministry of Industries.

However, the indices monitored by Oil Companies Advisory Committee (OCAC) witnessed negative growth of 0.22 percent.

The major sectors that showed positive growth during July 2021 included textile (0.35%), food, beverages and tobacco (0.09), pharmaceuticals (0.84%), chemicals (0.36%), automobiles (2.10%), iron and steel products (0.42%). fertilizers (0.22%), electronics (0.05%), leather products (0.10%) and engineering products (0.01%).

 

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