As per the latest report of Pakistan Bureau of Statistics (PBS), the manufacturing of motorcycles has been surged by 9.37% during the first month of the current fiscal year (2016-17). Around 169,879 motorcycles were produced during July 2016 compared to the manufacturing of the 155,325 motorcycles during July 2015, says PBS data.
Moreover, the manufacturing of buses also increased by 85.38 percent as the output rose from 62 buses in July 2015 to 115 buses in July 2016. Around 512 trucks were produced during the month under review compared to the production of 323 trucks, showing an increase of 58.51 percent. In addition to this, the manufacturing of the jeeps and cars dropped by 4% by falling down from 13,076 units in July 2015 to 12,550 units in July 2017.
The PBS data has further revealed that the manufacturing of light commercial vehicles (LCVs) also decreased from 3,070 units to 1,990 units, showing a decline of 35.18 percent. Meanwhile, the country’s large-scale manufacturing (LSM) sector has seen an increase of 2.62 percent during July 2016 compared to the corresponding month of 2015.
The Quantum Index Numbers (QIM) of large-scale production industries was marked at 118.97 points during July (2016 17) against 115.94 points during the same period of the last year. The greatest increase of 1.52 percent was observed in the indices monitored by Ministry of Industries followed 1.00 percent surge in indices of Provincial Bureaus of Statistics (PBS) while the indices of Oil Companies Advisory Committee (OCAC) seen the small increase of 0.1 percent.
On a month-on-month basis, the industrial growth, however, dropped by 2.59 percent during July 2016 as compared to July 2015. The major fields that witnessed growth during July, 2016 included pharmaceutical, (6.94%), non-metallic mineral products (12.68%), automobiles (0.90%), iron and steel products (19.02$), fertilizers (0.96%), electronics (4.83%), paper and board (33.14%) and rubber products (6.27%).
The LSM industries that seen negative growth, included textile (0.10%), food, beverages and tobacco (2.92%), coke and petroleum products (1.20%), chemicals (4.10%), leather products (0.96%), engineering products (21.58%) and wood products (97.72%).