Industrial output grows 3.21pc

Islamabad—The country’s large scale manufacturing (LSM) sector has witnessed growth of 3.21 per cent during the fiscal year 2015-16 as compared to the corresponding period of last year. The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 132 points during July June (2015 16) against 127.89 points during same period of last year, according the data of Pakistan Bureau of Statistics (PBS).
The highest growth of 1.96 per cent was witnessed in the indices monitored by Ministry of Industries followed 1.28 per cent increase in indices of Provincial Bureaus of Statistics (PBOS) while the indices of Oil Companies Advisory Committee (OCAC) witnessed nominal decrease of 0.03pc.
On year to year basis, the industrial growth increased by 0.01 per cent during June 2016 as compared to same month of last year while on month to month basis, the industrial growth decreased by 2.62pc during June 2016 when compared to growth of May 2016, the data revealed. Meanwhile, the major sectors that showed growth during July June (2015 16) included textile (0.42pc), food, beverages and tobacco (0.92pc), pharmaceuticals (6.54c), chemicals (8.13pc), non metallic mineral products (10.02pc), automobiles (16.11pc).—APP

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