Leading Issues in the Economy of Pakistan: Agenda for Reforms Table S-3.2 Rate of Inflation* in Prices of Fruits and Vegetables Weight in food June 2021 Fresh Fruits 4.72 12.8 Potatoes 1.48 16.4 Onions 1.95-5.7 Tomatoes 1.14 19.7 Fresh Vegetables 5.03 11.5 TOTAL 14.32 10.8 (%) June 2022 38.6 4.5 124.3 121.7 16.4 45.5 Large-Scale Manufacturing The growth rate of the large-scale manufacturing sector is shown as exceptionally high at 10.5 percent in 2021-22. This is despite the presence of significant gas and power loadshedding, especially in recent months. The other problem is the big divergence in the growth rate between the estimate with base year of 2015-16 and that with the base year of 2005-06, as shown in Tale S-3.3. Table S-3.3: Growth Rate of the Quantum Index of Manufacturing with different Base Years – 2021-22 QIM Base Year Growth Rate(YOY) –(%) May July – May 2005-06 9.9 7.1 2015-16 21.4 11.7 The big reason is the inclusion of more industries in the estimate with the base year of 2015-16. In particular, three industries have been included with extremely high growth rates of output in 2021-22, as shown in Table S-3.4. Table S-3.4: New High Growth Industries not included in the QIM of 2005-06 but in 2015-16 (%) Weight (%) Growth Rate of Contribution to Industry Growth Rate of QIM Manufacture of Weaving Apparel 6.08 49.7 3.02 Manufacture of Furniture 0.51 233.1 1.19 Manufacture of Footballs 0.32 43.0 0.14 TOTAL 4.35 The growth rates are way beyond the limits of credibility. Therefore, the growth rate with the base-year of 2005-06 is more likely. 200