ISLAMABAD - The Large Scale Manufacturing (LSM) sector has registered a minor growth of 0.83 per cent during the first half (July-December) of the current financial year 2011-12 against the same period last year, official figures revealed on Tuesday.

According to latest figures of Pakistan Bureau of Statistics (PBS), the Quantum Index Number (QIM) of LSM industries stood at 105.51 points in July-December 2011-12 as compared to 104.65 points of July-December 2010-11, which revealed a minor increase of 0.83 per cent in one-year period. Similarly, this sector has registered healthy growth of over 18 per cent in the month of December 2012 against November 2011. The Quantum Index Number of LSM industries stood at 118.24 points in December 2011 as compared to 100.01 points of November 2011.

The Quantum Index Numbers (QIN) of Large Scale Manufacturing Industries has been computed in the FBS on the basis of latest production data of 112 items received from various sources i.e. Oil Companies Advisory Committee (OCAC), Ministry of Industries & Production and Provincial Bureaus of Statistics. The OCAC supplied the data of 11 items, the Ministry of Industries & Production supplied the data of 36 items and Provincial Bureaus of Statistics provided data for 65 items.

According to the FBS figures, OCAC group growth went down by 0.02 per cent during the first half of the ongoing financial year; Ministry of Industries registered a decline of 0.45 per cent and provincial BOS showed growth of 1.29 per cent in July-December period.

In OCAC, the commodities showed negative growth including jet fuel oil (10.23 per cent), diesel oil (43.94 per cent), furnace oil (8.04 per cent), lubricating oil (5.51 per cent), jute batching oil (2.07 per cent), solvent Naphtha (9.33 per cent) and petroleum products (10.57 per cent) during the first half of the current fiscal year 2011-12 against the same period of the last year 2010-11.

Meanwhile in OCAC, the following products showed positive growth rate including kerosene (19.70 per cent), motor spirit, (4.50 per cent), high speed diesel (7.70 per cent), lubricating oil (8.98 per cent), and LPG (14.27 per cent) in July-December period of 2011-12 against July-December of 2010-11.

The Ministry of Industry index registered a negative growth of 0.45 per cent comprising 35 main industries in QIN of LSM. The industries showing positive growth includes, sugar (35.84 per cent), cotton yarn, (1.38 per cent), cotton cloth, (0.95 per cent), cement (3.10 per cent), motor cycles (7.10 per cent) during the first half of the current fiscal year against the same period last year. Meanwhile, the industries showing negative growth includes cigarettes (6.48 per cent), LCV (0.88 per cent), cooking oil (3.85 per cent), tractors (58.97 per cent) and trucks (23.74 per cent) during the first half of current fiscal year.