Automobiles production surges by 17.63% in FY-16
ISLAMABAD: The production of jeeps and cars was increased by 17.63 percent during the current fiscal year compared to the production of the last fiscal year, according to the data of Pakistan Bureau of Statistics (PBS)
As many as 180,717 jeeps and cars were manufactured during July and June this year, while 153,633 units were manufactured during July and June last year.
The PBS data revealed that the production of jeeps and cars in June this year was recorded at 12,354 units compared to the production of 15,143 units last year.
However, the production of jeeps and cars on year-on-year basis witnessed negative growth of 18.42 percent in June, compared to the production of June 2015.
Meanwhile, the production of motorcycles increased by 16.54 percent during the fiscal year 2015-16 compared to the corresponding period of last year.
Similarly, as many as 2,071,123 motorcycles were manufactured during July and June this year, while 1,777,251 units were manufactured during July and June last year.The production of motorcycles, on year-on-year basis, increased by 9.73 percent by going up from 171,176 units in June 2015 to 187,825 units in June 2016, the data said.
The overall large scale manufacturing (LSM) sector of the country witnessed growth of 3.21 percent 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 and June this year against 127.89 points during same period of last year.
The highest growth of 1.96 percent was witnessed in the index monitored by Ministry of Industries and Production, followed by a 1.28 percent increase in index of Provincial Bureau of Statistics, while the indices of Oil Companies Advisory Committee (OCAC) witnessed nominal decrease of 0.03 percent.
The industrial growth, on year-to-year basis, increased by 0.01 percent during June this year, as compared to same month of last year, while on month-to-month basis, the industrial growth decreased by 2.62 percent during June this year, as compared to growth of May 2016, the data further revealed.
Meanwhile, the major sectors that showed growth during July and June this year comprise textile with 0.42 percent, food, beverages and tobacco with 0.92 percent, pharmaceuticals with 6.54 percent, chemicals with 8.13 percent, non-metallic mineral products with 10.02 percent, automobiles with 16.11 percent, fertilizers with 13.81 percent, leather products with 7.76 percent and rubber products with 7.16 percent.
On the other hand, the LSM industries that witnessed negative growth comprise coke and petroleum products with 2.59 percent, iron and steel products with 9.26 percent, electronics with 1.68 percent, paper and board with 1.58 percent, engineering products with 14.43 percent and wood products with 65.83 percent.
The provisional QIM is being computed on the basis of the production data of 112 items received from sources including OCAC, Ministry of Industries and Production and Provincial Bureau of Statistics.
Source : APP