Big industry output narrows 3.5% in Feb

News Image

By MG News | April 15, 2025 at 06:37 PM GMT+05:00

0:00

April 15, 2025 (MLN): The large-scale manufacturing (LSM) sector of Pakistan recorded a decline of 3.51% in February 2025 to 122.56 compared to last year, the Pakistan Bureau of Statistics (PBS) reported today.

On a monthly basis, it plummeted by 5.9% compared to January's 130.25 points.

Cumulatively in the eight months of the fiscal year 2024-25, the LSM showed a contraction of 1.9% year-on-year.

The main contributors towards overall growth of -1.90% are Tobacco (0.25), Textile (0.29) Garments (1.29), Petroleum Products (0.30), Automobiles (0.72), Food (-0.50), Chemicals (-0.43), Cement (-0.37), Iron & Steel Products (-0.55), Electrical Equipment (-0.50), Machinery and Equipment (-0.15) and Non Metallic Mineral Products (-0.73).

The production in July-February 2024-25 as compared to July-February 2023-24 has increased in Tobacco, Textile, wearing apparel, Coke & Petroleum Products, Automobiles and Other Transport Equipment while it Decreased in Food, Chemical Products, Non Metallic Mineral Products, Iron & Steel Products, Electrical Equipment, Machinery and Equipment, and Furniture.

The performance of LSM is a key indicator of the overall health of the industrial sector and is assessed monthly through the Quantum Index of Large Scale Manufacturing Industries (QIM).

Historically, LSM dominates the manufacturing sector of GDP, accounting for around 69% of manufacturing — a sub-component of Industry — and about 8% of the overall GDP.

Economic activity began to rebound in the second half of FY24.

However, global demand slump, currency devaluation, and a widening current account deficit severely limited the government's flexibility, particularly in maintaining fiscal discipline amidst stringent financial conditions.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,920.00 108,105.00
106,625.00
-1315.00
-1.21%
BRENT CRUDE 67.25 67.50
66.34
0.51
0.76%
RICHARDS BAY COAL MONTHLY 97.00 0.00
0.00
0.20
0.21%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.65 65.90
64.67
0.54
0.83%
SUGAR #11 WORLD 15.83 16.21
15.80
-0.37
-2.28%

Chart of the Day


Latest News
July 01, 2025 at 04:30 PM GMT+05:00

Cement dispatches likely to drop 28% MoM in June 2025


July 01, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Breaking Records, Breaking Ground


July 01, 2025 at 03:28 PM GMT+05:00

June inflation falls to 3.2%


July 01, 2025 at 02:46 PM GMT+05:00

PACRA maintains the entity ratings of Bank Alfalah Ltd


July 01, 2025 at 02:25 PM GMT+05:00

PACRA maintains the entity ratings of JS Bank Ltd



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg