Pakistan’s Large-Scale Manufacturing Shrinks by 1.47% in 9 Months

The Overall Large-Scale Manufacturing (LSM) sector has shown a negative growth of 1.47 percent during the first nine months (July-March) of fiscal year 2024-25 (FY25) when compared with the same period of last year, says the Pakistan Bureau of Statistics (PBS). The LSMI output increased by 1.79 percent for March 2025 when compared with March 2024 and decreased by 4.7 percent when compared with January 2025. The provisional quantum indices of Large-Scale Manufacturing Industries (LSMI) for March 2025 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 March 2025 is 117.20. QIM estimated for July-March FY25 is 116.01. The main contributors towards overall growth of -1.47 percent are Tobacco (0.17), Textile (0.35) Garments (1.14), Petroleum Products (0.30), Pharmaceuticals (0.13), Automobiles (0.68), Other transport Equipment (0.14), Food (-0.09), Chemicals (-0.45) Non-Metallic Mineral Products (-0.68), Cement (-0.37), Iron & Steel Products (-0.51), Electrical Equipment (-0.47), Machinery and Equipment (-0.17) and Furniture (-1.94). The production in July-March 2024-25 as compared to July-March 2023-24 has increased in Tobacco, Textile, wearing apparel, Coke & Petroleum Products, Automobiles and Other Transport Equipment while it Decreased in Food, Chemical Products, Non-Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Machinery and Equipment, and Furniture.