The country''s Large-Scale Manufacturing Industries (LSMI) have registered a growth of 6.76 percent in the first six months of fiscal year 2013-14, as compared to the corresponding period of the last year. The provisional Quantum Index Numbers (QIM) of LSMI was recorded at 115.41 points during July-December (2013-14) against 108.10 points during July-December (2012-13), according to data released by Pakistan Bureau of Statistics (PBS) on Thursday.
The Provisional QIM is computed on the basis of data received from sources including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBoS). The OCAC provides data of 11 items, MoIP 36 items, whereas PBoS proved data of the remaining 65 items.
According to the PBS data, the highest growth of 4.37 percent was witnessed in the indices of Ministry of Industries that increased from 102.51 points during last year to 109.21 points during the on-going year. Similarly, the indices of PBoS increased from 132.80 points last year to 141.54 points this year, showing an increase of 1.76 per cent. The indices of OCAC reordered growth of 0.63 percent which increased from 89.08 last year to 97.92 points this year.
However, on month-on-month basis, the overall industrial growth increased by 24.31 percent during December 2013 as compared to November 2013 as it grows from 109.77 to 136.45 points. Similarly, on year-on-year basis, the industrial growth increased by 13.17 percent during December 2013 as compared to December 2012 as it grows from 120.58 to 136.45 points.
Meanwhile, the sectors which have showed significant growth during July-December (2013-14) included fertilisers, production of which increased by 28.75 percent, food beverages and tobacco 18.17 percent, paper and board 17.50 percent, electronics 12.20 percent, leather products 9.61 percent, coke & petroleum products 8.31 percent, rubber products 5.96 percent and chemicals 5.27 percent.
Similarly, the other LSM industries that witnessed positive growth in production included pharmaceutical sector production of which increased by 0.55 percent, iron and steel products 2.32 percent, non metallic mineral products 1.04 percent while the textile industry grew by 1.73 percent during the period under review. On the other hand, the LSM industries that witnessed negative growth included wood products, production of which decreased by 15.45 percent during July-December 2013-14 as compared to July-December 2012-13. Similarly, the production of engineering products decreased by 24.84 percent during the period under review while production of automobiles also declined by 2.29 percent.