Pakistan’s Large-Scale Manufacturing Sector Contracts 0.64% in Four Months of FY25 

The Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -0.64 percent during the first four months (July- October) of 2024-25 when compared with the same period of last year, says the Pakistan Bureau of Statistics (PBS).  The LSMI output increased by 0.02 percent for October 2024 when compared with October 2023 and decreased by 2.24 percent when compared with September 2024.  The provisional quantum indices of Large-Scale Manufacturing Industries for October 2024, with the base year 2015-16, have been developed on the basis of the latest data supplied by the source agencies i.e. OCAC, Ministry of Industries and Production, Ministry of Commerce and Provincial Bureau of Statistics (BoS).  According to the provisional quantum index numbers of the large-scale manufacturing industries, the LSMI quantum index number (QIM) estimated for October, 2024 is 109.10. QIM estimated for July-October, 2024-25 is 109.63.  The main contributors towards overall growth of -0.64 percent are, food (0.28), tobacco (0.41), textile (0.45) garments (2.44), petroleum products (0.09), automobiles (0.69), cement (-0.76), iron & steel products (-0.63), electrical equipment (-0.71), machinery and equipment (-0.31) and furniture (-2.39).  The production in July-October 2024-25 as compared to July-October 2023-24 has increased in food, tobacco, textile, wearing apparel, coke & petroleum products, automobiles and other transport equipment while it decreased in rubber products, non-metallic mineral products, electrical equipment, machinery and equipment, iron & steel products, and furniture.