The Large-Scale Manufacturing (LSM) sector in Pakistan recorded a negative growth of 1.87% during the first six months (July-November 2024-25) compared to the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS).
In December 2024, the LSMI output declined by 3.73% compared to December 2023 but showed a 19% increase compared to November 2024.
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The provisional quantum indices of Large-Scale Manufacturing Industries (LSMI) for December 2024 were compiled using data from various sources, including the Oil Companies Advisory Council (OCAC), Ministry of Industries and Production, Ministry of Commerce, and Provincial Bureaus of Statistics (BoS).
According to PBS data, the LSMI quantum index number (QIM) for December 2024 stood at 127.51, while for July-December 2024-25, it was 112.20.
Sector-Wise Performance
The main contributors to the overall decline of 1.87% in the LSM sector were:
- Food (-0.13%)
- Petroleum Products (-0.02%)
- Cement (-0.55%)
- Iron & Steel Products (-0.59%)
- Electrical Equipment (-0.60%)
- Machinery & Equipment (-0.15%)
- Furniture (-2.27%)
However, some sectors showed positive growth, including:
- Tobacco (+0.25%)
- Textile (+0.36%)
- Garments (+1.43%)
- Automobiles (+0.77%)
Comparison with Last Year
Production increased in Tobacco, Textile, Garments, Automobiles, and Other Transport Equipment, while declines were observed in Food, Petroleum Products, Chemical Products, Non-Metallic Mineral Products, Iron & Steel, Electrical Equipment, Machinery, and Furniture.
The latest figures reflect mixed performance in Pakistan’s manufacturing sector, with growth in some industries but an overall contraction in output during the first half of FY25.
