The Large Scale Manufacturing Industries (LSMI) in the country had a decline of 1.78 percent during the initial seven months (July-January) of the current fiscal year (2024-25) compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS).
In January 2025, the LSM had a year-on-year decline of 1.22 percent compared to the same month in the previous year. In January 2024, LSM output rose by 2.09 percent month-on-month compared to December 2023.
The provisional quantum estimates for Large Scale Manufacturing Industries (LSMI) for November 2024, using the base year 2015-16, have been formulated based on the most recent data provided by the source agencies.
The primary factors contributing to the overall negative growth of -1.78% include food (-0.47), tobacco (0.25), textiles (0.34), garments (1.55), petroleum products (0.17), automobiles (0.74), cement (-0.46), iron and steel products (-0.57), electrical equipment (-0.55), machinery and equipment (-0.14), and furniture (-2.16).
Production from July to January 2024-25, in comparison to July to January 2023-24, has risen in tobacco, textiles, wearing apparel, automobiles, and other transport equipment, while it has declined in food, chemical products, non-metallic mineral products, iron and steel products, electrical equipment, machinery and equipment, and furniture.
