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Pakistan manufacturing Updates

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The large-scale manufacturing (LSM) sector grows 7.45pc in 8MFY21

The large-scale manufacturing (LSM) sector has grown 7.45 per cent in the first eight-month (Jul-Feb) of current fiscal year 2021 amid third wave of the Covid-19 pandemic in Pakistan, according to the Pakistan Bureau of Statistics (PBS).

Out of total 15 sectors in LSM, eight have posted growth. These include textile, automobiles, fertilisers, pharmaceuticals, food, beverages and tobacco, coke and petroleum products, chemicals and non-metallic mineral products.

However, output of seven sub-sectors contracted, which were including iron and steel products, electronics, leather products, paper and board, engineering products, rubber products and wood products
 
Pakistan develops first ever refrigerated sea water fishing boat


Pakistan successfully achieved a landmark in fisheries sector by developing first ever state of the art refrigerated sea water( RSW) fishing boat.

Recipient of international awards, US based Pakistani origin belonging to Parachinar Engineer Dr Zahid Ayub in a his detailed presentation to Iftikhar Ali Malik, President SAARC Chamber here Sunday said, “We have built it and after meeting all international standards and successful trials now put into operation at Karachi harbour”.



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Industrial output surges 22.39pc in December, 9pc in 3 quarters

  • The industrial production during July-March (2020-21) was recorded at 150.53 points against the output of 138.11 points during July-March (2019-20).


APP
08 May 2021


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ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) production grew by 22.39 percent on year-on-year basis during the month of March 2021 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported.

LSMI Quantum Index Number (QIM) was recorded at 155.60 points during March 2021 against 127.14 points during March 2020, showing positive growth of 22.39 percent, according to the latest PBS data.

During the first three quarters of the current fiscal year, the overall production increased by 8.99 percent compared to the corresponding period of last fiscal year.

The industrial production during July-March (2020-21) was recorded at 150.53 points against the output of 138.11 points during July-March (2019-20).

The highest increase of 6.85 percent was witnessed in the indices monitored by the Ministry of Industries, followed by 1.49 percent increase in indices monitored by the Provincial Board of Statistics and 0.66 percent increase in the products monitored by the Oil Companies Advisory Committee (OCAC).

The major sectors that showed positive growth during March 2021 included textile (40.41%), coke and petroleum products (76.85%), pharmaceuticals (16.05%), chemicals (26.44%), mon-metallic mineral products (56.39), automobiles (123.27%), iron and steel products (31.46%) and fertilizers (6.01%).

On the other hand, the LSM industries that witnessed negative growth in March 2021 included electronics (26.68%), leather products (16.70%), paper and board (2.61%), engineering products (22.70%) rubber products (30.36%), and wood products (186.53.

It is pertinent to mention here that the provisional QIM is being computed on the basis of the latest production data received from sources, including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBoS).

Industrial output surges 22.39% in December, 9% in 3 quarters

The Large Scale Manufacturing Industries (LSMI) production grew by 22.39 percent on year-on-year basis during the month of March 2021 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported.

LSMI Quantum Index Number (QIM) was recorded at 155.60 points during March 2021 against 127.14 points during March 2020, showing positive growth of 22.39 percent, according to the latest PBS data.
During the first three quarters of the current fiscal year, the overall production increased by 8.99 percent compared to the corresponding period of last fiscal year.

The industrial production during July-March (2020-21) was recorded at 150.53 points against the output of 138.11 points during July-March (2019-20).

The highest increase of 6.85 percent was witnessed in the indices monitored by the Ministry of Industries, followed by 1.49 percent increase in indices monitored by the Provincial Board of Statistics and 0.66 percent increase in the products monitored by the Oil Companies Advisory Committee (OCAC).

The major sectors that showed positive growth during March 2021 included textile (40.41%), coke and petroleum products (76.85%), pharmaceuticals (16.05%), chemicals (26.44%), mon-metallic mineral products (56.39), automobiles (123.27%), iron and steel products (31.46%) and fertilizers (6.01%).

On the other hand, the LSM industries that witnessed negative growth in March 2021 included electronics (26.68%), leather products (16.70%), paper and board (2.61%), engineering products (22.70%) rubber products (30.36%), and wood products (186.53.

It is pertinent to mention here that the provisional QIM is being computed on the basis of the latest production data received from sources, including Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production (MoIP) and Provincial Bureaus of Statistics (PBoS).
 
Large-scale manufacturing expands 9pc to help Pakistan surpass GDP growth target: Shaukat Tarin

Dawn.com
June 10, 2021



Finance Minister Shaukat Tarin unveiling the economic survey in Islamabad. – DawnNewsTV screengrab


Finance Minister Shaukat Tarin unveiling the economic survey in Islamabad. – Dawn


Finance Minister Shaukat Tarin unveiled the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday, revealing that the industrial and services sectors had helped the country post GDP growth of 3.94 per cent in the first 9 months of the fiscal year (July to March), significantly higher than the target of 2.1pc.

According to the survey document, the industrial and services sectors surpassed the government's expectations, and the minister particularly highlighted growth in large-scale manufacturing (LSM) which he said expanded 9pc.

The Pakistan Economic Survey is an annual report on the performance of the economy, focusing in particular on major macroeconomic indicators.

Sector-wise growth

Tarin started out by underscoring the impact of Covid-19 in causing the economy to contract last year. But, he said, the decisions of this government under Prime Minister Imran Khan helped the economy stabilise which resulted in improving performance on the growth front.

"The government itself had set [GDP] growth target at 2.1pc and the IMF had predicted and even lower number. But the decisions by this government such as incentivising manufacturing, textiles, construction, and interventions in agriculture have helped the economy recover."
According to the survey, Pakistan has recorded a provisional growth rate of 3.94pc in the fiscal year 2020-21. This came "on the basis of a rebound in almost all sectors".


The agriculture sector grew around 2.8 percent against a target of 2.8pc. The industrial sector registered a growth of 3.6pc against a target of 0.1pc, while services grew 4.4pc against a target of 2.6pc.

Last year, when overall GDP growth contracted by 0.4pc, industries and services sectors had posted negative growth of 2.6pc and 0.59pc, respectively.


In the industrial sector, Tarin said large-scale manufacturing (LSM) showed growth of 9pc, playing an important role in helping overall growth.

The minister said agriculture sector growth met its target despite the "cotton crop getting ruined" because yields of other crops compensated for that.
 
PBF for tax exemption for cold storages manufacturing sector

by The Frontier Post


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LAHORE (APP): Pakistan Businesses Forum (PBF) has urged the federal government to exempt cold storages manufacturing sector from taxes including GST (general sales tax) for next ten years to ensure food security and increase perishable exports.

Talking to APP here Sunday, PBF Vice President Ahmad Jawad said that similarly in the operational mode, five years tax holiday should be granted to respective firms.

He was of the view that food prices were fluctuating frequently due to high inflation and this was basically because Pakistan did not have proper food storage facilities, and seasonal demands put a strain on supplies, resulting in ever-rising food prices.

In Pakistan, he said, cold storages were filled only with potatoes and apples most of the time. However there is no food processing industry to increase storage life. “This is needed not only to reduce food losses which are significant in Pakistan but also help farmers get better incentives and income, better document the value chain, increase credit to farm economies and help achieve overall competitiveness in the country’s rural sector,” said Jawad.

To a question, the PBF Vice President said government should increase number food processing industries as processed food could be stored for a long period, and in this regard viable incentive policy should also be announced. “Tomatoes and onions can be converted into paste, wheat into biscuits, fruit into juices and concentrates, etc. Similarly mangoes and kinnow can be stored for about three and half months, cherries for 45 days, kiwifruit for six months, apples for three to six months, and bayberries for about 30 days. Eggs consumption increases in winter so increases its prices, and if there is an egg powder processing unit in place, then during low demand period (in summer), eggs can be converted into powder, which factories and bakeries can stock for later use.”

He added that the extension of storage period also brings higher added value. Fruit with higher added value, such as cherries, kiwifruit and golden pears, could be sold at higher prices when stored off-season.

To a query, he explained that after picking, fruit could not be directly put into the cold storage warehouse, they must be precooled at 0-5°C. “When the fruits are picked, they have residual heat, and if these are immediately taken to a cold storage warehouse, the surface temperature drops, but the central temperature does not, this may lead to spoilage in fruits,” he said, citing that some apples in the supermarket look good from the outside but rotten inside, because these were not precooled properly.

Jawad suggested the government must focus on this sector and take appropriate and comprehensive measures in this regard because it could enhance country’s horticulture exports tenfold.
 
Another example of Pakistan growing backwards lol
It's almost like a bunch of goons got together and asked, "okay guys, how do we really, really mess up the country, and beyond repair." This isn't even a professional job, but a 1,000 precise cuts. We went below and beneath.
 
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It's almost like a bunch of goons got together and asked, "okay guys, how do we really, really mess up the country, and beyond repair." This isn't even a professional job, but a 1,000 precise cuts.

Pakistan should be what Korea is today, South Korea I mean when it comes advancements and Progress.
 
LSM sector grows 14.57% in 11 months

July 14, 2021

KARACHI: Large industries like textile, food, automobile, and petroleum oil industry have maintained growth momentum in the wake of the government’s pro-growth, industrial-friendly and export-oriented policies.

The large-scale manufacturing sector’s (LSM) output grew 14.57% in the first 11 months (Jul-May) of the fiscal year ended June 30 compared to a negative growth of 10.32% in the same period of last year, the Pakistan Bureau of Statistics (PBS) reported on Tuesday.

Ten large industries, out of total 15 listed in LSM sector, posted surge in production in the 11 months under review including textile, food, beverages & tobacco, coke & petroleum products, pharmaceuticals; chemicals, non-metallic mineral products, automobiles, iron & steel products, fertiliser and paper and board.

The products which recorded drop in output include electronics, leather products, engineering products, rubber products and wood products.

The LSM sector’s output soared 36.84% to 139.55 points on the LSM index in May compared to a negative growth of 24.80% to 102.92 points in the same month of last year. It, however, “decreased by 3.93% if compared to (the previous month of) April 2021,” PBS said.

May appeared to be the fourth consecutive month in which the sector maintained downward trend on a month-on-month basis amid third and fourth waves of the Covid-19 pandemic in Pakistan.

Despite the downward trajectory in May, the growth in the first 11 months under review rose to 14.57% compared to “15-year high at 9% in the first nine months (Jul-Mar) of FY21,” according to the Economic Survey 2020-21. Textile industries, which remain the single largest industry and export earning sector of Pakistan, has maintained robust productions for the past many months after the industries received significantly high export orders as the pandemic raged out of control in some of the regional countries. “World’s buyers diverted their textiles orders to Pakistan after Covid-19 crisis worsened in the neighbouring country India in recent months,” Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Former President Zubair Tufail said the other day.

Besides, the cement, steel, pharmaceutical and oil industries have continued to outperform following pickup in local demand for such products.

“The housing, construction and allied industries having maintained growth trend despite significant price-high in construction material in recent months,” he said.

The receipt of significantly high workers’ remittances from overseas Pakistanis to their family members in the country and offer of subsidised housing finance and comparatively cheaper financing for cars by banks have agreed people to liberalise their spending and purchasing habits amid the pandemic, he said.

Published in The Express Tribune, July 14th, 2021.

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Large Scale Manufacturing (LSM) inched further ahead, registering 14.57 percent growth for 11-month period ending May 2021. The monthly number for May 2021 showed an increase of 36.84 percent year-on-year, continuing with the low base impact that was triggered due to Covid related nationwide lockdown in 2020 in April and May. The cumulative 11MFY21 increase is the highest in recallable memory, surpassing earlier projections.

May 2021 index value is the highest monthly value ever, signaling that the turnaround is well and truly just beyond the low base impact of Covid. For seven of the eleven months of the fiscal year, the monthly LSM index has returned highest ever values. That should be narrowing the output gap rather quickly, and it won’t be surprising if the output gap changes posts from negative to positive zone. Granted that the LSM does not represent the entire industrial activity in the country, but the momentum elsewhere also shows things are picking up rather quick – and early signs of heating up may start to appear, as imports swell.

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In terms of sectoral LSM growth, automobile and cement lead the way. Cement is by far the runaway growth story of FY21, with strong double-digit growth based on strong organic demand growth. For automobile, the growth is strong, but the base effect is in play here as the values are still some way off from the highs seen earlier in FY18. Steel and fertilizer sectors too have chipped in with decent contribution, with nitrogenous and phosphate fertilizer production recording all-time highs, on the back of improved fuel availability.

The food index has also shown considerable growth, mainly led by sugar and wheat. Sugar production is still considerably lower than the high seen in FY18. In case of wheat, the record production is reportedly a result of more millers having to started to report data. That said, 46 percent year-on-year growth in wheat milling should be high enough to put the number near all-time high, if not the highest already.

The industrial support package has continued and so has the export subsidies for energy prices. Lower value-added textile chain appears to be he biggest beneficiary of the central bank’s concessionary financing schemes. That should ideally lead to higher growth from cotton yarn and cloth segments, going forward, once all disbursements are complete.

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With just a month to go, FY21 LSM growth could well be north of 13.5 percent, even if June does not return the highest ever monthly index value. This is 400 basis points clear of what the national accounts have estimated. Broad based or not, the growth will be enough to take the GDP estimates for FY21 closer to 4.5 percent, all things constant.
 
LSM surges by 14.85pc in FY21


The Newspaper's Staff
August 14, 2021


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ISLAMABAD: Higher output in textiles, auto, cement, sugar, iron and steel, fertiliser and the petroleum sectors led to the overall increase in the Large Scale Manufacturing (LSM) by 14.85 per cent during 2020-21 (FY21) against the previous fiscal year.

The LSM data released by the Pakistan Bureau of Statistics (PBS) on Friday has been compiled using figures from the provincial bureaus of statistics, the Oil Companies Advisory Council (OCAC) and the Ministry of Industries.

Production output in almost all sectors increased in FY21 against FY20. These sectors included textile, food, beverages and tobacco, coke and petroleum products, pharmaceuticals, chemicals, automobiles, fertilisers, non-metallic mineral products, paper and boards and iron and steel products.

However, the output was negative in products including wood, engineering, electronics, rubber products and leather.

Textile sector was the top contributor in LSM and witnessed an increase of 15.31pc, followed by food, beverages & tobacco 11.01pc, coke & petroleum products 18.05pc, pharmaceuticals 12.03pc, chemicals 19.19pc, automobiles 51.06pc, non-metallic mineral products 26.66pc, fertilisers 7.23pc, paper & board 3.35pc and iron & steel products 15.58

The sectors showing decline during FY21 compared to FY20 included electronics 4.43pc, engineering products 15.37, leather products 26.45pc, wood products 39.35pc and rubber products 14.99pc.

Sugar witnessed 16.66pc higher production in FY21 at 5.69 million tonnes compared to 4.88m tonnes in FY20.

Petroleum products witnessed an increase of 18.05pc as the output went up from 12.13 billion litres during FY20 to 14.32bn litres in FY21.

High speed diesel production in country witnessed a growth of 23.92pc at 5.61bn litres. Petrol (motor spirit) production was enhanced by 27.61pc to 3.424bn litres during FY21.

Output of furnace oil increased by 14.65pc while the production of LPG and kerosene oil witnessed growth of 15.08pc and 9.12pc, respectively.

Cement witnessed 27.31pc growth at 49.80bn tonnes.

In FY21, 50,486 tractors were produced, witnessing a growth of 54.83pc. The country manufactured 2.47m motorcycles – showing a growth of 36.53pc in F21 against the previous fiscal

The PBS also released provisional numbers of LSM output for the month of June 2021 which showed a growth of 18.42pc against the period in FY20.

The highest surge has been witnessed in the automobile sector with 88.91pc growth in June 2021 compared to June 2020, while textile sector posted growth of 11.82pc, coke & petroleum products 38.93pc, iron & steel products 32.93pc, non metallic mineral products 32.60pc, chemicals 24.53pc, leather products 24.35pc, pharmaceuticals 10.82pc, electronics 10.58pc and fertilisers sector posted a growth of 9.95pc.

Two sectors — rubber products and wood products — witnessed a decline in production by 25.39pc and 53.73pc, respectively, in June 2021 against the same month in FY20.


Published in Dawn, August 14th, 2021
 
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