11.07.2015 Views

47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...

47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...

47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Chapter 3Manufactur<strong>in</strong>g and M<strong>in</strong><strong>in</strong>g3.1 IntroductionThe manufactur<strong>in</strong>g sector posted a growth rate of3.56 percent dur<strong>in</strong>g the current fiscal year July-March <strong>2011</strong>-<strong>12</strong> compared to 2.96 percent of thesame period last year. A modest improvement wasseen <strong>in</strong> Large Scale Manufactur<strong>in</strong>g (LSM) <strong>in</strong> July-March <strong>2011</strong>-<strong>12</strong> as the Quantum Index ofManufactur<strong>in</strong>g (QIM) <strong>in</strong>creased by 1.05 percentaga<strong>in</strong>st the target of 2.0 percent compared togrowth of 0.98 percent dur<strong>in</strong>g the same period lastyear. Due to revision of the base year as well asnew <strong>in</strong>dustries be<strong>in</strong>g added, it is not prudent tocompare the performance of the LSM sector on therevised base aga<strong>in</strong>st the official growth target of2.0 percent (Box-1).Box-1The methodology to compute Quantum Index of Manufactur<strong>in</strong>g (QIM) has been revised dur<strong>in</strong>g the current fiscalyear. This <strong>in</strong>cludes rebas<strong>in</strong>g, addition of new <strong>in</strong>dustries and revision of weights. Important Changes can be gaugedfrom the table below.Previous QIMRebased QIM• Base Year 1999-00 • Base Year 2005-06• Weight derived from the Census of • Weight derived from the Census ofManufactur<strong>in</strong>g Industries (CMI) 2000-01Manufactur<strong>in</strong>g Industries (CMI) 2005-06us<strong>in</strong>g UN International Standard IndustriesClassification (ISIC) Rev 3.1• Cumulative weight of 75.075 percent for 100items is be<strong>in</strong>g used for computation of QIMCMI 2000-01Sources No of Items Weights (%)MOIP /1 35 44.446OCAC /2 11 5.232BOS /3 54 25.397All 100 75.075/1 : M<strong>in</strong>istry of Industries and Production/2 : Oil Companies Advisory Committee/3 : Bureau of Statistics (Prov<strong>in</strong>cial)Comparison of Weights• Cumulative weight of 70.332 percent for 1<strong>12</strong>items is be<strong>in</strong>g used for computation of QIMCMI 2005-06Sources No of Items Weights (%)MOIP /1 36 49.556OCAC /2 11 5.410BOS /3 65 15.366All 1<strong>12</strong> 70.33237

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!