Pakistan produced 2,400 tractors during July 2022, against the production of 4,609 tractors during the same month last year, showing a decrease of 47.9 percent. The figures came from the provisional quantum indices of Large-Scale Manufacturing Industries (LSMI) released by the Pakistan Bureau of Statistics. The data was compiled for July 2022 with the base year 2015-16 on the basis of the latest data supplied by the source agencies.

In the first month of the current fiscal year, automobile manufacturing also decreased by 7.2 percent as compared to the first month of last year. The domestic assembling of cars decreased by 11.8 percent, light commercial vehicles 11.6 percent and local production of trucks went down by 31.7 percent. However, domestic assembling of buses grew by 33.3 percent as 76 buses were locally assembled during July 2022, as compared to the same month of the last year.

The domestic output of diesel engines grew by 86.4 percent as 270 units of diesel engines were locally produced during the period under review, against the production of 118 units in the same month of last year. During the period under review, overall manufacturing of machinery and equipments witnessed about 48.4 percent negative growth when compared with the production of the same month of last year. The LSMI output decreased by 1.4 percent during July 2022 as compared to the same month of last year (July 2021). The LSMI output decreased by 1.4 percent in July 2022 when compared with July 2021.

Credit: Independent News Pakistan-WealthPk