ISLAMABAD: The country’s large scale manufacturing (LSM) sector witnessed a growth of 3.19% during the first two months of the current fiscal year as compared to the corresponding period last year. The provisional Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 113.46 points during July-August (2014-15) against 109.96 points during July-August (2013-14), according to the Pakistan Bureau of Statistics (PBS). The highest growth of 2.50% was witnessed in the indices provided by Provincial Bureaus of Statistics (PBS) followed by the indices of Ministry of Industries that increased by 0.76% while the indices monitored by Oil Companies Advisory Committee (OCAC) witnessed nominal negative growth of 0.07%. On a year-on-year basis, the industrial growth increased by 5.27% during August 2014 as compared to August 2013.
Published in The Express Tribune, October 24th, 2014.
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