Pakistan’s industrial output has witnessed a significant growth of 5.02% in the first four months of the current fiscal year, according to the latest data released by the Federal Bureau of Statistics. The growth rate is a result of a 3.75% increase in industrial output in October compared to September.
The data reveals that the production of automobiles has increased by 78.89% during the period of July to October. Similarly, the production of transport equipment has seen a growth of 37.51% during the same period. The production of food groups has also seen a growth of 5.02% during the period of July to October.
The production of tobacco has increased by 2.10%, textiles by 1.58%, and wearing apparel by 4.69% during the period. The production of coal and petroleum has increased by 12.25% during the four-month period. However, the production of rubber products has seen a growth of 12.03% during the period, while machinery and equipment saw a decline of 11.95%.
The production of furniture has declined by 16.46% during the period, while the production of pharmaceuticals has declined by 6.68%, chemical products by 1.90%, and iron and steel by 3.25%.
The All Pakistan Sarraf Hazaar Association has reported that the price of gold has increased to Rs. 4,56,162 per tola following the increase in industrial output.
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