Islamabad: Despite a cut of 1,000 basic points in the key interest rate to 12 percent from the beginning of the current fiscal year, the large -scale manufacturing sector (LSM) continued to show a slow yield, with a production hiring by 1.22 percent in January compared to the same month last year, according to the data published by the Pakistan statistics office in the statistics.
The great production of the industry has seen a negative trend since August 2024, except in October, due to national and global factors. The LSM grew positively from December 2023 to May 2024 before entering negative territory in June 2024.
On an interannual basis, LSM fell 2.65pc in August, followed by a 1.92pc decrease in September. However, it registered an insignificant growth of 0.02pc in October before hiring at 3.81pc in November and 3.73pc in December. The LSM expanded 2.38pc in July 2024.
On the month, the LSM recorded a 2.09PC growth in January.
The LSM registered a negative growth of 1.78pc during the first seven months of the current fiscal year for a year.
In FY24, the LSM sector contracted 0.03PC against a growth of 0.92 percent in the previous year.
The Food Group fell by 2.67pc in 7MFY25 interannual. The grinding of wheat and rice experienced an increase of 5.88pc, starch and its 0.12PC products, respectively. Wheat and rice grinding increased substantially during the period under review, mainly due to improved crops crops.
However, the production of vegetable ghee decreased 2.65PC, 0.04pc cooking oil and 4.32pc mixed tea.
The textile sector grew 2.08pc in 7MFy24 to intervene. The cotton thread has increased by 8.73pc, while cotton fabric has increased by 0.79 percent, which represents more than 80 percent of the textile sector. The main cause of the increase in production was a slight increase in the value of the export unit compared to greater external demand for textiles.
Garment exports registered a 10.39pc growth year -on -year. The increase in clothing exports is mainly due to the deviation of foreign buyers from Bangladesh to Pakistan.
Coque and oil products grew 2.47pc in 7MFy25. Gasoline production decreased by 0.76pc. However, high -speed diesel production increased by 6.21PC, kerosene in 28.14pc, followed by 6.57PC lubricating oil, jute lot oil by 50.92pc and solvent gasoline by 31.34pc.
The oven oil production fell 0.96pc, LPG 3.80pc and aircraft for fuel aircraft 12.65pc.
The automobile sector grew 45.74pc in 7MFy25 interannual. This growth was mainly contributed by a growth of 41.66pc in jeeps and cars, followed by LCVS 201.45pc, trucks 129.97pc and 46.23pc buses. However, the production of diesel engines decreased by 8.78PC during the months under review.
In recent years, the automotive industry has dealt with multiple challenges, including a decrease in demand, exacerbated by factors such as the increase in car prices due to inflation and monetary fluctuations. In addition, automotive financing options that are not offered by banks further cushion consumer interest.
The production of pharmaceutical products grew 1.96pc and 0.65pc fertilizers, respectively.
Iron and steel production decreased 11.96pc by 7MFy25. The billets/bumps, mostly consumed in the construction industry, experienced a 28.68pc decrease. Similarly, the leaves H/Cr/strips/coils/plates grew negatively by 2.49pc.
The production of rubber products decreased by 1.23PC, non -metallic minerals by 12.18pc and 18pc electrical equipment.
Posted in Dawn, March 18, 2025
