Big industry output narrows 3.5% in Feb

News Image

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 158,350.00
340.57M
0.25%
396.53
ALLSHR 97,022.00
792.52M
0.29%
280.78
KSE30 48,343.51
137.68M
0.30%
144.57
KMI30 233,582.95
100.44M
0.38%
888.79
KMIALLSHR 65,215.60
417.92M
0.29%
188.47
BKTi 42,585.95
82.60M
0.23%
96.39
OGTi 31,892.32
5.69M
0.36%
112.96
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,175.00 117,795.00
116,905.00
-595.00
-0.51%
BRENT CRUDE 67.37 67.57
67.26
-0.07
-0.10%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.12 63.35
63.01
-0.14
-0.22%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 19, 2025 at 10:20 AM GMT+05:00

SCRA balance rises Rs92.5m


September 19, 2025 at 10:10 AM GMT+05:00

ECC approves financing $390m rail deal for Reko Diq project


September 19, 2025 at 09:56 AM GMT+05:00

Service sector trade deficit increases by 61% MoM in August


September 19, 2025 at 09:46 AM GMT+05:00

Pakistan, EU vow to boost economic cooperation and trade ties



Top 5 things to watch in this week

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