Motorcycle production grows 14.15% in Pakistan

BusinessMotorcycle production grows 14.15% in Pakistan

ISLAMABAD, Pakistan: The motorcycle production increased by 14.15 percent in the Country during the first eight years of the current fiscal year as against the same period of last year.

As any as 1,865,434 motorcycles were manufactured during July-February (2017-18), against the production of 1,634,210 motorcycles produced during July-February (2016-17), showing growth of 14.15 percent, according to the latest data of the Pakistan Bureau of Statistics (PBS).

On year-on-year basis, the motorcycle production increased by 4.10 percent in February 2018 compared to the same month of last year, the PBS data revealed.

The production of motorcycles during February 2018 was recorded at 218,935 units against the production of 210,317 units during February 2017.

It is pertinent to mention here that the overall Large Scale Manufacturing Industries (LSMI) of the Country witnessed an impressive growth of 6.24 percent during the first eight months of the current fiscal year compared to the corresponding period of last year.

The Country’s LSMI Quantum Index Numbers (QIM) was recorded at 145.28 points during July-February (2017-18) against 136.75 points during July-February (2016-17), showing growth of over 6.24 percent, according to the data of Pakistan Bureau of Statistics (PBS).

The highest growth of 4.08 percent was witnessed in the indices monitored by the Ministry of Industries followed by 1.54 percent growth in the products monitored by the Provincial Bureaus of Statistics (PBOS) and 0.62 growth in the indices of Oil Companies Advisory Committee (OCAC).

On year-to-year basis, the industrial growth increased by 5.52 percent during February 2017 as compared to same month of last year; however, on month-to-month basis, the industrial growth decreased by 1.51 percent in February 2017 when compared to growth of January 2017.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru Nanak

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru...

0
Karachi, Pakistan: The State Bank of Pakistan has released coin worth Rs 55 to commemorate the 555th birth anniversary of Baba Guru Nanak.On the...
Punjab Government created a trench at Haro River Bridge so PTI procession from Peshawar could not enter Islamabad

PTI Protest Call: Despite road blockades, PTI workers move on towards Islamabad

0
Monitoring Desk: Despite road blockades, worker arrests, and a police crackdown, followers of Tehreek-e-Insaf (PTI) are moving fast towards Islamabad for a protest on...
37 Brigadiers of Pakistan Army promoted as Major Generals

CTD Punjab claimed to kill three TTP terrorists near Rawalpindi

0
Rawalpindi, Pakistan: The Counter Terrorism Department (CTD) of Punjab killed three TTP terrorists (officially known as Khawaji) at Chakri, 30 km away from the...
Ukraine to receive 500,000 artillery shells by yearend from Czech Republic Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from Czech Republic, reports Ukrinform. Referring to announcement of Czech Foreign Minister Jan Lipavský, Ukrinform reports that Czech Republic will continue to provide support to Ukraine to repel and stop Russian aggression. "As you know, my country has launched an initiative on ammunition. By the end of the year, 500,000 large-caliber shells will be delivered. We will not stop there. We will continue to provide the Armed Forces of Ukraine with the necessary support," the Czech Foreign Minister emphasized.

Ukraine to receive 500,000 artillery shells by yearend from the Czech Republic

0
Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from...

PTI Protest Updates: Bushra Bibi stays away from protest

0
Islamabad, Pakistan: Owing to the fear of arrest, former first lady Bushra Bibi has decided to avoid the PTI protest on November 24. She...
Advertisement