Large-scale manufacturing rises 9.13pc in January

Published March 16, 2021
The overall output of large-scale manufacturing industries (LSMI) has increased by 7.85 per cent for July-January 2020-2021 compared to the same period last year. — AFP/File
The overall output of large-scale manufacturing industries (LSMI) has increased by 7.85 per cent for July-January 2020-2021 compared to the same period last year. — AFP/File

The overall output of large-scale manufacturing industries (LSMI) has increased by 7.85 per cent in the first seven months of fiscal year 2021 (July 2020 to January 2021) compared to the same period last year.

According to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday, the LSMI output increased by 9.13pc for Jan 2021 compared to Jan 2020, and 5.36pc over Dec 2020.

"The sustained and robust growth in the industry is expected to lift economic growth beyond earlier forecasts," Minister for Industries Hammad Azhar said on Twitter.

The LSM index touched its second highest level of 175.15 earlier in January. Previously, it touched a high of 175.17 in March 2018, Topline Securities research highlighted.

Production in the first seven months of FY 2021, as compared to the same period last year, has increased in several sectors including textile, food, beverages, tobacco, petroleum products, pharmaceuticals, chemicals, non-metallic mineral products, automobiles and fertilisers.

It has decreased in some sectors such as electronics, leather products and engineering products.

Opinion

Awaiting orders
25 Oct 2021

Awaiting orders

Orders are given for demolition. Some structures go down. Some still stand.
Is it our own?
25 Oct 2021

Is it our own?

It is fair to ask what truly determines our success.
Up, up and away
Updated 25 Oct 2021

Up, up and away

Irate Twitterati want Superman to stop meddling.
No-trust resolution dynamics
Updated 24 Oct 2021

No-trust resolution dynamics

It is heartening that the effort to remove a chief minister is following constitutional norms.

Editorial

25 Oct 2021

Party to a vile campaign

THE PTI government’s hostility towards the media and its intolerance for dissent is well known. The target of ...
Financial crisis
Updated 25 Oct 2021

Financial crisis

DESPITE having progressed to ‘very good step’ and being ‘close to concluding the agreement’ a few days back,...
25 Oct 2021

Morals and Pemra

TIME and again, Pemra has come under fire for issuing arbitrary instructions to TV channels on matters ranging from...
Anti-government rallies
Updated 24 Oct 2021

Anti-government rallies

Banning a party because it can create a public nuisance sets a dangerous precedent which can be repeated to justify future bans.
24 Oct 2021

End of polio?

AFTER a long struggle, the reward is finally in sight. With only a single case of wild poliovirus reported this year...
24 Oct 2021

Heritage work

IT is encouraging that, slowly, projects of heritage conservation and preservation appear to be taking off. These...