Jul-Mar LSMI output grows 1.47% YoY
ISLAMABAD: The overall Large Scale Manufacturing Industries sector has shown a growth of 1.47 per cent during July-March 2024-25 when compared with the same period of last year, says the Pakistan Bureau of Statistics (PBS). QIM estimated for March, 2025 is 117.20.
The LSMI output increased by 1.79 per cent for March 2025 when compared with March 2024 and decreased by 4.64per cent when compared with February 2025.
The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for March, 2025 with base year 2015-16 have been developed on the basis of latest data supplied by the source agencies.
Jul-Feb FY25: LSM sector contracts 1.90pc
According to the provisional quantum index numbers of the overall Large Scale Manufacturing Sector has shown a growth of 1.47per cent during July- March 2024-25 when compared with the same period of last year.QIM estimated for July-March, 2024-25 is 116.01.
The main contributors towards overall growth of 1.47 per cent are tobacco (0.17 per cent), textile (0.35 per cent) garments (1.14 per cent), petroleum products (0.30 per cent), pharmaceuticals (0.13 per cent), automobiles (0.68 per cent), other transport equipment (0.14 per cent), food (0. 09 per cent), chemicals (0.45 per cent) non-metallic mineral products (0.68 per cent), cement (0.37 per cent), iron and steel products (0.51 per cent), electrical equipment (0.47 per cent), machinery and equipment (0.17 per cent) and furniture (1.94 per cent).
The sectors showing growth during July-Mar 2024-25 compared to July-Mar 2023-24 are beverages 0.38 per cent, tobacco 23.76 per cent, textile 5.15 per cent, wearing apparel 0.41 per cent, leather products 4.33 per cent, wood products 8.36 per cent, paper and board 1.98 per cent, coke and petroleum products 4.47 per cent, pharmaceuticals 4.75 per cent, computer, electronics and optical products 8.15 per cent, automobiles 18.80 per cent, other transport equipment 27.40 per cent.
The sectors showing decline during July-Mar 2024-25 compared to July-Mar 2023-24 are food 20.09 per cent, chemicals 6.83 per cent, chemicals products 19.36 per cent, fertilisers 0.87 per cent, rubber products 3.50 per cent, non-metallic mineral products 5.10 per cent, iron and steel products 4.24 per cent, fabricated metal 19.13 per cent, electrical equipment 9.21 per cent, machinery and equipment 71.74 per cent, furniture 59.81 per cent.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
2 days ago
- Business Recorder
Substandard packaging: PPWSMA calls on govt to curb Atta wastage
ISLAMABAD: The Pakistan Polypropylene Woven Sack Manufacturers Association (PPWSMA) has appealed to the Minister for National Food Security and Research, Rana Tanveer Hussain, to take urgent action to prevent the wastage of wheat flour (Atta) caused by the use of substandard packaging. In a letter addressed to the Minister, PPWSMA Chairman Iskandar Khan highlighted that, according to the Food and Agriculture Organization, over 11 million Pakistanis face acute food insecurity. 'Wheat flour (Atta), as it is commonly known, is the staple food of our nation. For a vast majority of our people, a simple Roti with onions or chilies is often their only meal,' Khan wrote. 'To preserve this essential staple in the daily diet of the common man, it must be packed and distributed in compliant sacks and bags as per the official Gazette notification.' He emphasized that significant losses are occurring due to dusting and spillage from poor-quality, non-food grade sacks—resulting in a cumulative wastage valued at approximately Rs 594 billion. The Minister was reminded of Gazette Notification S.R.O. 46(KE)/2017, issued on May 19, 2017, which mandates the use of PSQCA-licensed, environment-friendly, recyclable, and food-grade polypropylene sacks to reduce losses during handling and transit. According to PPWSMA, failure to implement this notification has led to continuous flour wastage since 2017. Khan argued that the cost difference between non-food grade and food-grade sacks is minimal compared to the potential savings. For example, using compliant bags could save Rs 75 per 20kg sack and Rs 37.50 per 10kg sack—totaling an estimated annual savings of Rs 67.2 billion. 'We seek your assistance in ensuring the enforcement of the Gazette notification to stop this massive wastage of Atta, which directly contributes to food insecurity across the country,' Khan concluded. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business Recorder
WHT regime: Finance Bill will introduce major changes
ISLAMABAD: Finance Bill (2025-26) will introduce major changes in withholding tax regime in budget (2025-26) to generate additional revenue. According to sources, the difference of withholding taxes between filers and non-filers would be further widened from next fiscal year. The heavy reliance on withholding taxes would continue in the next fiscal year. The withholding taxes (collected in sales tax mode) constitute over 70 percent of the direct taxes collection. One of the proposals under consideration is to raise tax rate on interest income. Cash withdrawals from banks: FBR proposes raise in WHT for non-filers The Federal Board of Revenue (FBR) has proposed to raise withholding tax on cash withdrawal from the banks by non-filers from 0.6 percent to 1 to 1.2 percent. Another proposal is to impose 1.5 percent withholding tax on the value of imports. The rates of Withholding Tax on immovable properties are expected to be rationalized in the upcoming budget (2025-26) to facilitate buyers and sellers of real estate sector from July 1 2025. Other proposals under consideration included raise in withholding tax on supplies, services and contracts. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business Recorder
Azma lauds CM's policies: Green herbs available to public at affordable prices
LAHORE: Punjab Information Minister Azma Bokhari has said that for the first time in Punjab's history, green herbs are available to the public at affordable prices ahead of Eid-ul-Adha. She said this is a practical example of Chief Minister Maryam Nawaz's pro-people policies and good governance. According to Bokhari, the Chief Minister ensured that there was no increase in the prices of essential commodities before Eid, nor was there any shortage in the markets. 'This is the first time a Chief Minister has personally monitored the situation round the clock to control prices and activate the market mechanism,' she said. Copyright Business Recorder, 2025
