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TABLE 2.11: ESTIMATED INVESTMENT IN THE
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- TOTAL 2,690
- Value Added
| TABLE 2.11: ESTIMATED INVESTMENT IN THE AUTOMOTIVESECTOR, 2000-01 TO 2009-10 Fixed Assets (Rs. Million) Investment (Rs. Million) Value in $ million 2001 31,614 1474 a 2002 29,768 -1,846 -31 2003 35,988 6,220 108 2004 42,798 6,810 117 2005 54,406 11,608 195 2006 71,306 16,900 281 2007 88,758 17,452 289 2008 100,802 12,044 177 2009 96,718 -4,084 -50 2010 107,924 11,206 131 TOTAL 2,690 Source: Financial Statements Analysis of Companies (Non-Financial) Listed at Karachi Stock Exchange (2005-10), SBP. a estimated by backward extrapolation of the investment series. 27 Value Added The value added by the sector has been estimated on the basis of the share of value added in value of production of different sub-sectors derived from the CMI of 2005-06. These shares have been adjusted downwards to allow for the decline in profitability (as percentage of sales) between 2005-06 and 2009-10. The resulting estimates of value added by different sub-sectors in 2009-10 are presented in Table 2.12. Overall, the sectoral value added is Rs 108 billion. The largest sub- sector is auto parts with a share of 42 percent, followed by cars with share of 31 percent, and motorcycles with a share of 15 percent. The estimated value added by the sector appears to about 5 percent of the total value added in the manufacturing sector of Pakistan. This share places the sector as one of the larger industries of Pakistan after textiles, petroleum refining, iron and steel products, fertilizers and cement. In fact, the automotive sector is larger than the sugar, vegetable ghee and pharmaceutical industries. About 13 percent of the double-digit growth in the large-scale manufacturing sector between 2002-03 and 2006-07 is attributable to the dynamism of the automotive sector. Download 0.77 Mb. Share with your friends:
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