Business

Motorcycle production grows 9.37% in Pakistan

Latest Update: October 4, 2016 | 220 Views
motorcycle

ISLAMABAD: The production of motorcycles increased by 9.37 percent during the first month of current fiscal year (2016-17) compared to the corresponding month of last year.

As many as 169,879 motorcycles were manufactured during July 2016 compared to the production of 155,325 motorcycles during July 2015, according to Pakistan Bureau of Statistics (PBS).

The production of buses also surged by 85.38 percent as the output grew from 62 buses in July 2015 to 115 buses in July 2016.

During the month under review, as many as 512 trucks were manufactured compared to the production of 323 trucks, showing an increase of 58.51 percent.

On the other hand, the production of jeeps and cars declined by 4 percent by going down from 13,076 units in July 2015 to 12,550 units in July 2016, according to the PBS data.

The production of light commercial vehicles (LCVs) also declined from 3,070 units to 1,990 units, showing decrease of 35.18 percent, the data revealed.

It is pertinent to mention that the country’s large scale manufacturing (LSM) sector has witnessed growth of 2.62 percent during July 2016 compared to the corresponding
month of last year.

The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 118.97 points during July (2016 17) against 115.94 points during same period of last year.

The highest growth of 1.52 percent was witnessed in the indices monitored by Ministry of Industries followed 1.00 percent increase in indices of Provincial Bureaus of Statistics

(PBOS) while the indices of Oil Companies Advisory Committee (OCAC) witnessed nominal increase of 0.1 percent.
On month-on-month basis, the industrial growth, however decreased by 2.59 percent during July 2016 as compared to July 2015.

The major sectors that showed growth during July, 2016 included pharmaceutical, (6.94%), non metallic mineral products (12.68%), automobiles (0.90%), iron and steel products (19.02$), fertilizers (0.96%), electronics (4.83%), paper and board (33.14%) and rubber products (6.27%).

The LSM industries that witnessed negative growth, included textile (0.10%), food, beverages and tobacco (2.92%), coke and petroleum products (1.20%), chemicals (4.10%), leather products (0.96%), engineering products (21.58%) and wood products (97.72%).

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