ISLAMABAD-The Massive Scale Manufacturing Industries (LSMI) manufacturing grew by 3.66 p.c throughout first two months (Jul-Aug) of present fiscal yr as in comparison with the corresponding interval of final yr, Pakistan Bureau of Statistics (PBS) reported Friday. LSMI Quantum Index Quantity (QIM) was recorded at 130.91 factors throughout July-Aug 2020-21 towards 126.28 factors throughout identical interval of the previous yr. The best enhance of 1.96 p.c was witnessed within the indices monitored by the Ministry of Industries, adopted by 1.37 p.c enhance in indices monitored by the Provincial Board of Statistics and 0.34 p.c enhance within the merchandise monitored by the Oil Firms Advisory Committee (OCAC). In the meantime, on year-on-year foundation, the commercial development witnessed enhance of 1.19 p.c in August 2020 in comparison with the indices of August 2019, the PBS knowledge revealed. In the meantime, the main sectors that confirmed development throughout July-August 2020 included textile (1.79%), meals, drinks and tobacco (15.50%), coke and petroleum merchandise (5.71%), prescribed drugs (10.03 %), chemical substances (9.70%) , non metallic mineral merchandise (23.05%), paper and board (9.83%), and rubber merchandise (4.69). Alternatively, the LSM industries that witnessed destructive development, included car (18.81%), iron and metal merchandise (10.39%), fertilizers (0.80%), electronics (24.63%), leather-based merchandise (37.50%), engineering merchandise (38.66%), and wooden merchandise (70.45%).

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