Business
May 8, 2021
ISLAMABAD: Large scale manufacturing (LSM) posted 22.4 percent year-on-year growth in March as industrial activities largely resumed compared to the laggard last year, but the big industry extended sequential decline second month in a row, official data showed on Friday.
The Pakistan Bureau of Statistics (PBS) said LSM output increased 22.39 percent for March compared to the corresponding period a year earlier and decreased 7.66 percent if compared to February 2021.
In March, ministry of industries reported 9.43 percent month-on-month drop in production, although provincial bureau of statistics and Oil Companies Advisory Council (OCAC) recorded growth over February.
In February, the decline was 4.15 percent month-on-month. LSM surpassed its pre-COVID level of production in February FY2021, witnessing 4.8 percent growth on year-on-year basis. LSM contracted 10.2 percent last fiscal year.
Business
February 13, 2021
ISLAMABAD: Government on Friday cheered the momentous run of large scale manufacturing (LSM) sector consecutively for the six months in December, with industrial units in speed mode to meet a rebound in consumer demand.
LSM that makes 80 percent of industrial sector in Pakistan posted 8.16 percent growth in the first half of the current fiscal year and grew 11.4 percent year on year in December and 13.5 percent over November, according to the Pakistan Bureau of Statistics (PBS).
“Robust growth trends of large scale manufacturing have continued in December,” Hammad Azhar, minister for industries and production wrote on Twitter.
In July-December, all the three data collection authorities registered increase in production. Ministry of industries, measuring output trend of 36 items, recorded a 6.23 percent increase in production. Provincial bureau of statistics, counting production of 65 products, logged 1.63 percent growth. Oil Companies Advisory Cou
Business
January 13, 2021
ISLAMABAD: Large scale manufacturing (LSM) sector posted 14.46 percent year-on-year growth in November with economic activities on a strong recovery path after monthslong lockdown last year, official data showed on Tuesday.
LSM grew 1.35 percent if compared with October, according to the Pakistan Bureau of Statistics (PBS). The overall output of LSM increased 7.41 percent for July-November.
The government that has been under criticism for downtrend in industrial manufacturing in the past hailed the recovery as a way to make up for the past deeds.
âPakistan is successfully reversing the tide of de-industrialisation⦠Capacity enhancements, new investments and modernisations are already in play,â Hammad Azhar, minister for industries and production said in a twitter message.