Industrial production drops by 1.9pc: Bureau of Statistics

Pakistan’s large-scale manufacturing sector recorded a 1.9% decline in production from July to February, reported 24NewsHD TV Channel. According to the Pakistan Bureau of Statistics (PBS), industrial output fell by 3.51% year-on-year in February alone and saw a sharper 5.9% drop compared to January. 

Sugar production plummeted by 12.62%, fertiliser output dropped by 1.63%, cement production decreased by 6.43%, and iron and steel industries saw an 11.7% reduction. However, some sectors reported growth. Tobacco production surged by 19.8%, textile output rose by 1.78%, garments production increased by 8.6%, and the automobile sector recorded a robust 43.3% growth. Petroleum product manufacturing also grew by 4.56% during the July-February period.

In a separate development, the sale of cars in Pakistan during the first nine months of the current fiscal year 2024-25 increased by 40.99 percent compared to the same months of last year, a recent data released by Pakistan Automobile Manufacturing Association (PAMA) said. 

According to the data, as many as 76,265 cars were sold during the months under review as opposed to 54,091 units in the same months of last year. The breakup figures showed that 11,460 units of Honda Civic and City were sold during July-March 2024-25 compared to the sale of 8,514 units during July-March 2023-24.