The Large-Scale Manufacturing (LSM) sector output decreased by 2.65 percent for August 2024 when compared with August 2023, the Pakistan Bureau of Statistics (PBS) said Thursday.
The LSMI output increased by 4.68 percent for August 2024 when compared with July 2024. On a 2MFY25 basis (LSMI) output fell by 0.2 percent compared to the same period of FY24.
The main contributors towards overall growth of -0.19 percent are, Food (0.32), Tobacco (0.39), Textile (0.63) Garments (2.15), Petroleum Products (0.51), Automobiles (0.39), Pharmaceuticals (-0.10), Cement (-1.02), Iron & Steel Products (-0.71), Electrical Equipment (-0.63) and Furniture (-1.85).
The production in July-August FY25 as compared to July-August FY24 has increased in Food, Tobacco, Textile, Wearing apparel, Coke & Petroleum Products, Chemicals, Automobiles, Other Transport Equipment and Other Manufacturing (Football) while it decreased in Pharmaceuticals, Rubber Products, Non-Metallic Mineral Products, Machinery and Equipment Beverages, Iron & Steel Products, Electrical Equipment and Furniture.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan