Pakistan’s Large-Scale Manufacturing Sector Contracts 1.25% in Five Months of FY25

The Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -1.25 percent during the first five months (July- November) of 2024-25 when compared with the same period of last year, says the Pakistan Bureau of Statistics (PBS).   The LSMI output decreased by 3.81 percent for November 2024 when compared with November 2023 and 1.19 percent when compared with October 2024.  The provisional quantum indices of Large-Scale Manufacturing Industries (LSMI) for November, 2024 with base year 2015-16 have been developed on the basis of 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 November 024 is 107.97. QIM estimated for July-November, 2024-25 is 109.33.   The main contributors towards overall growth of -1.25 percent are, Food (0.23), Tobacco (0.39), Textile (0.40) Garments (1.76), Petroleum Products (-0.18), Automobiles (0.78), Cement (-0.61), Iron & Steel Products (-0.62), Electrical Equipment (-0.64), Machinery and Equipment (-0.25) and Furniture (-2.24).  The production in July-November 2024-25 as compared to July-November 2023-24 has increased in Food, Tobacco, Textile, wearing apparel, Automobiles and Other Transport Equipment while it decreased in Coke & Petroleum Products, Chemical Products, Non-Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Machinery and Equipment, and Furniture.