The performance report of large scale manufacturing (large industrial establishments) was released for the current financial year. Production of major industries declined by 5.56% during the first 8 months of the fiscal year.
According to the report of the Institute of Statistics issued from Islamabad, the production in February 2023 was 11.6 percent less than last February.
According to the Bureau of Statistics, the output of the textile sector fell by more than 14 percent from July to February. Vehicle production fell by 38.59 percent in July-February.
According to the Bureau of Statistics, the production of machinery and other equipments also decreased by 49%. A decline was also recorded in the production of electrical equipment, computers.
According to the Bureau of Statistics, there was also a decline in the production of electronics, iron and steel.
Similarly, in the current financial year, the production of food items has decreased by 1.95% and the production of beverages by 6.14%.
According to the report of the Bureau of Statistics, the production of tobacco fell by 20.42% and textile sector by 14.03%.
According to the Bureau of Statistics, the production of wood products decreased by 68.65 percent, while the production of paper and board industries decreased by 3.37 percent.
According to the Bureau of Statistics report, the production of chemicals decreased by 4.84% and fertilizer sector by 7.77%. The production of pharmaceuticals sector decreased by 22.41%.
According to the Bureau of Statistics, a decrease of 3.89% was recorded in the production of iron and steel products. According to the Bureau of Statistics, the production of the car manufacturing sector decreased by 38.59 percent. In the first 8 months of the current financial year, sugar production recorded 5.5 percent.
According to the report, 35.5% increase in garment production was recorded in 8 months.
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