- The production of tractors also witnessed a decrease of 30pc, as it went down from 45,576 units in 8MFY18 to 31,879 units
ISLAMABAD: The production of motorcycles witnessed a decrease of 10.01 per cent during the first eight months of the current fiscal year, as compared to the corresponding period of last year.
As many as 1,671,346 motorcycles were manufactured during July-February 2018-19 as compared to the production of 1,857,210 units during July-February 2017-18, according to the Pakistan Bureau of Statistics (PBS).
The production of cars and jeeps during the period under review, however, witnessed an increase of 1.28pc, as 156,720 jeeps and cars were manufactured in 8MFY19 as compared to 154.732 units in 8MFY18.
The production of light commercial vehicles (LCVs) witnessed a decrease of 12.78pc during the period under review, as it went down from 19,907 units during the first eight months of last year to 17,363 LCVs during the same period of FY19.
The production of trucks decreased from 6,081 units last year to 4,679 units, showing a decline of 23.06pc, while the production of tractors decreased by 30.05pc, from 45,576 units to 31,879 units.
The production of buses during the period under review, however, witnessed a positive growth of 23.61pc, as it went up from the output of 487 units to 602 units.
Meanwhile, on a year-on-year basis, the production of motorcycles decreased by 14.80pc during February 2019 as compared to February 2018. The motorcycle production during February 2019 was recorded at 185,588 units, as compared to 217,838 units in February 2018.
The production of jeeps and cars decreased by 1.98pc, from 18,573 units in February 2018 to 18,206 units in February 2019.
The production of tractors also witnessed a negative growth of 35.27pc, as it declined from 6,543 units in February 2018 to 4,235 units in February 2019. The production of trucks decreased by 39.69pc from the output of 703 units to 424 units in February 2019, whereas the production of buses decreased by 50pc, from 52 units to 26 units.
It is pertinent to mention that the production of Large Scale Manufacturing Industries (LSMI) witnessed a decline of 1.72pc during the first eight months of the current fiscal year as compared to the corresponding period of last year.
LSMI Quantum Index Number (QIM) was recorded at 143.25 points during July-February 2018-19, as against 145.76 points during July-February 2017-18.
The highest decrease of 1.63pc was witnessed in the indices monitored by the Ministry of Industries, followed by 0.34pc negative growth in the products monitored by the Oil Companies Advisory Committee (OCAC). However, the indices monitored by the Provincial Board of Statistics witnessed a positive growth of 0.25pc.
On a year-on-year basis, the industrial growth decreased by 1.49pc in February 2019 as compared to the same month of last year, whereas on a month-on-month basis, the industrial growth witnessed a decrease of 5.11pc in February 2019 when compared to growth during January 2019.