LSM information 3.95pc development in 2013-14

ISLAMAABD
Pakistan's extensive manufacturing (LSM) industry had documented development of 3.95 % in past economical season 2013-14 over its past season.
According to the latest numbers of Pakistan Bureau of Research (PBS), the Huge Index Number (QIM) of LSM sectors stood at 121.66 factors during last financial season 2013-14 as compared to 117.04 factors of the past season registering an increase of 3.95 %.
Meanwhile, the LSM industry had documented adverse development of 2.74 % during June 2014 over the month of May. The development has affected in last few several weeks because of the severe energy crisis in the country that either shut down the industrial units or reduce their efficiency. However, the LSM industry had performed well in the first several weeks of the season before due to enhanced power source when govt cleared the round debt worth of Rs 480 billion. Overall, the LSM industry efficiency remained satisfactory during the past economical season. The govt had projected that Pakistan would achieve development of 4.14 % during outgoing financial season mainly due to enhanced LSM efficiency.
The PBS estimate LSM numbers on manufacturing data received from the Oil Companies Advisory Panel (comprising 11 items), Secretary of state for Industries and Production (36 items) and the Provincial Bureaus of Research (65 items).
According to the PBS numbers, development in LSM was mainly driven by 11 categories of products in the last economical season 2013-14 over its past season. Major contribution towards positive development was from fabric 1.32 %, food and beverages 7.16 %, pepsi and petroleum products 6.22 %, paper and board 10.99 %, plant foods 16.5 %, electronics 9.55 %, iron and steel products 5.58 %, leather products 11.65 %, chemicals 6.87 %, non-metallic mineral products 0.79 % and rubber products 11.47 %.
Meanwhile, some sectors like wood products witnessed a decline of 27.57 %, technological innovation products 12.52 %, pharmaceutical 0.17 % and vehicles 2.56 % during the several weeks under evaluation. In electronic and electrical products, manufacturing of appliances documented a development of 8.22 percent; deep-freezers was up by 43.12 percent; air-conditioners 15.17 percent; power motors 31.2 % and switch equipment 44.95 % during the last economical season over the same interval past season.
However, following of the products registered adverse development, power bulbs 5.29 percent; power fans, 2.16 %, power metres 0.95 %, power transformers 60.53 % and TV sets 9.86 % and bikes 11.21 % during the interval under evaluation over the same several weeks last season.