Tractor production increases 64.05pc in five months

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ISLAMABAD: Tractor production in the country during the five months from July to November of the current financial year witnessed an increase of 64.05 per cent as compared to the tractor production of the corresponding period of the last financial year.

According to the computation of Quantum Index Numbers of Large Scale Manufacturing Industries (QIM), from July to November 2017 around 27,706 tractors were manufactured and assembled locally as compared to the production of 16,889 tractors in the same period of the last financial year.

On month on month basis, tractor production witnessed 9.73 per cent growth in the month of November 2017 as compared to November 2016. About 5,955 tractors were produced in November 2017 as compared to the production of 5,427 tractors in November 2016.

Meanwhile, domestic trucks and buses production increased by 24.41 per cent in the five months as about 3,889 trucks and buses were assembled as compared 3,126 trucks and buses assembled in the same period of the last financial year.

However, truck production during the month of November 2017 reduced by 2.96 per cent as 656 trucks were assembled as compared to 676 trucks in November 2016, the data revealed.

During the period, 375 buses were produced as compared to the production of 563 buses in the corresponding period of the last financial year.

During the period under review, 97,036 jeeps and cars were also produced compared to the production of 75,314 jeeps and cars in the same period of the last financial year, showing an increase of 28.84 per cent.

In November 2017, about 18,963 cars and jeeps were produced. Car and jeep production in November 2016 stood at 16,124, the data further revealed.

Over 1,166,888 motorcycles were produced during the period under review of the current financial year as compared to the production of 987,546 motorcycles of the corresponding period of the last financial year.  224,918 motorcycles were produced in November 2017 as compared the 217,207 in November 2016.