Large Scale Manufacturing Industries (LSMI) production grew by 4.6 percent during the first eight months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Friday.
The LSMI Quantum Index Number (QIM) was recorded at 156.9 points during July-February (2021-22) against 150.0 points during July-February (2020-21), showing growth of 4.6 percent, according to latest PBS data.
The highest increase of 3.8 percent during July-February (2021-22) was witnessed in the indices monitored by the Ministry of Industries, followed by 0.8 percent increase in indices monitored by Provincial Board of Statistics (BOS) and however no increase witnessed in the products monitored by the Oil Companies Advisory Committee (OCAC).
On year-on-year basis (YoY), the industry rose by 8.4 percent during the month of February 2022 compared to the growth of February 2021.—APP
