Pakistan’s Large Scale Manufacturing contracts by 0.74% in FY25: PBS

August 15, 2025 (MLN): Pakistan’s Large Scale Manufacturing Industries (LSMI) posted a marginal contraction of 0.74% during the fiscal year 2024-25, according to provisional figures released by the Pakistan Bureau of Statistics (PBS) on Friday.

The Quantum Index of Manufacturing (QIM), which measures industrial output, stood at 114.82 for the July-June period, compared to the same period last year.

In June 2025 alone, the index was recorded at 112.95, marking a 4.14% increase year-on-year, but a 3.67% decline compared to May 2025.

The PBS report, compiled using data from key sectors, highlighted mixed trends across industries.

Positive contributions to the overall performance came from Tobacco (0.10), Textile (0.41), Garments (0.88), Petroleum Products (0.37), Pharmaceuticals (0.16), Automobiles (0.85), and Other Transport Equipment (0.17).

Conversely, several major sectors weighed down the index, including Food (-0.32), Chemicals (-0.28), Non-Metallic Mineral Products (-0.51), Cement (-0.26), Iron & Steel Products (-0.40), Electrical Equipment (-0.34), Machinery & Equipment (-0.18), and Furniture (-1.59).

Year-on-year, industries such as Tobacco, Textile, Garments, Petroleum Products, Automobiles, and Other Transport Equipment saw output growth, while Food, Chemicals, Minerals, Iron & Steel, and Furniture sectors reported declines.

The QIM is based on data from the 2015-16 fiscal year as the base and reflects industrial trends critical to Pakistan’s economic performance.