Islamabad May 15 2024: Pakistan’s Large Scale Manufacturing Industries (LSMI) output increased by 2.04% for March, 2024 when compared with March, 2023 and decreased by 9.35% when compared with February 2024.
Wearing Apparel segment recorded growth of 18.18% in March 2024.
Overall Large Scale Manufacturing Sector has shown a growth of -0.10% during July- March 2023-24 when compared with the same period of last year.
The main contributors towards overall growth of -0.10% are, Food (0.31), Tobacco (-0.66), Textile (-1.47) Garments (0.77), Paper & Board (-0.05), Petroleum Products (0.31), Chemicals (0.60), Pharmaceuticals (1.08), Iron & Steel Products (-0.11), Electrical Equipment (-0.24), Automobiles (-1.01) and Furniture (0.60).
The production in July-March 2023-24 as compared to July-March 2022-23 has increased in Food, Wearing apparel, Coke & Petroleum Products, Chemicals, Fertilizers, Pharmaceuticals, Machinery and Equipment and Furniture while it decreased in Tobacco, Textile, Paper & Board, Non Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Automobiles and Other Transport Equipment.
