Home »Top Stories » LSM figures clouded by doubts

Large Scale Manufacturing (LSM) growth, a contributor to the Gross Domestic Product growth rate of the Country, is collected from different Associations or Chambers who reportedly are not providing accurate figures, a perception shared by officials and independent economists. According to Pakistan Bureau of Statistics (PBS), the overall output of LSM increased by 3.48 percent for July-January-2016-17 compared to the same period of 2015-16.

The data provided by Oil Marketing Advisory Committee (OCAC) shows a 0.29 percent growth in petroleum products during July-January 2016-17 of which growth in jet fuel oil has been recorded at 3.83 percent, kerosene oil 13.27 percent, motor spirit (petrol) 8.66 percent, high diesel oil 1.67 percent, diesel oil n.o.s 44.51 percent, furnace oil 0.29 percent, lubricating oil 2.49 percent, jute batching oil 5.68 percent, solvent naptha 18.78 percent and LPG 10.49 percent.

The data collected by the Ministry of Industries and Production from different Associations indicates a growth of 22.25 percent in sugar. During July-January 2016-17, sugar production recorded 2.893 million tons against 2.3664 million tons in the comparable period the year before. Growth in cigarettes witnessed a growth of 37.65 percent, cotton yarn by 0.47 percent and cotton cloth by 0.30 percent. The growth of 28.67 was witnessed in Jute goods of which the share of Hessian was 32.46 percent, sacking 38.18 percent and others 1.91 percent.

Paper and board has achieved 6.6 percent growth and chip board was 100 percent. Soda ash 3.55 percent, caustic soda 4.45 percent, nitro fertilisers 1.67 percent, phosphate fertilisers 2.63 percent, glass plates and sheets 13.03 percent, cement 7.99 percent, steel products (PSM nill), coke PSM 100 percent, pig iron 100 percent, billets/ ingots 29.65 percent, H/C. R. sheets/ strips/ coils/ plates etc 8.46 percent, tractors 79.42 percent, trucks, 54.93 percent, buses 26.19 percent, Jeeps and cars 1.9 percent, L.C.Vs'' 43.13 percent and motor cycles 20.09 percent. Ministry of Industries and Production''s data shows 3.78 percent growth and total growth has been calculated at 3.48 percent.

Names of other items along with growth are as follows : Vegetable Ghee 3.10 percent, cooking oil, 0.76 percent, tea blended 6.30 percent, wheat & grain milling 4.06 percent, starch and its products, 9.27 percent, soft drinks 18.58 percent, juices, syrups& squashes 8.96 percent, liquors zero percent, woolen & carpet yarn 18.91 percent, woolen and worsted cloth 5.23, knitting wool 4.95 percent, woolen blankets 42.74 percent, upper leather, 2.92 percent, sole leather 38.46 percent, footwear 25.44 percent, plywood 4.45 percent, tablets 4.49 percent, liquids/ syrups 8.89 percent, capsules 4.43 percent, injections 13.72 percent, ointments 14.11 percents, galenicals ( tincture)7.69 percent, toilet soaps 0.54 percent, soaps and detergents 15.02 percent, paints & varnishes (S) 6.21 percent, paints & varnishes (L) 7.54 percent, , hydrochloric acid 3.11 percent, chlorine 2.56 percent, synthetic fibres 14.60 percent, polishes& creams 1 percent, matches 18.42 percent, cycle tyres 0.32 percent, cycle tubes, 8.05 percent, motor tyres,0.38 percent, motor tubes 0.44 percent, metal drums 7.73 percent, heavy machinery and equipment 7.37 percent, safety razer blades 10.83 percent, diesel engines, 13.84 percent, chaff cutters 18.37 percent, sugarcane machines 41.67 percent, wheat thrashers34. 25 percent, power looms 12.55 percent, bobbins & shuttles 14.7 percent, sewing machines 12.56 percent , refrigerators, 22.6 percent, air conditioners 17.82 percent, electric bulbs 16.37 percent, electric fans 27.94 percent, electric motors 9.57 percent , electric meters 15.7 percent, switch gears 8.24 percent, electric transformers 2.91 percent, T.V sets 3.17 percent, storage batteries 11.95 percent, bicycles 0.73 percent.



the author

Top
Close
Close