HBL, S&P global launch Pakistan’s first manufacturing PMI

ISLAMABAD: Habib Bank Limited (HBL) and global financial analytics firm S&P Global have jointly introduced Pakistan’s first-ever Purchasing Managers’ Index (PMI) to monitor the country’s manufacturing sector.

This initiative, announced by HBL President Muhammad Nassir Salim, aims to improve economic analysis and provide valuable insights into Pakistan’s industrial performance.Pakistan tightens grip with 202-run lead against West Indies

The PMI is a standardized economic indicator derived from surveys of various industries, ensuring a thorough representation of the manufacturing sector.

The index will be published on the first working day of each month, providing a reliable and consistent measure of economic activity.

During the launch event, Luke Thompson, Managing Director of S&P Global Market Intelligence, highlighted the importance of this development. He stated that the launch of Pakistan’s first-ever PMI marks a significant step in delivering timely and high-frequency data to track economic trends. He further mentioned that it will assist financial institutions, investors, and businesses in making informed decisions.

The HBL S&P Global PMI, as an internationally recognized economic indicator, will offer crucial data about the country’s economic health.