HBL, S&P global launch Pakistan’s First Manufacturing PMI

February 15, 2025 (MLN): Habib Bank Limited (HBL) and global financial analytics firm S&P Global have jointly launched Pakistan’s first-ever Purchasing Managers’ Index (PMI) to track the country’s manufacturing sector.

The initiative, announced by HBL President Muhammad Nassir Salim, aims to enhance economic analysis and provide valuable insights into Pakistan’s industrial performance.

Along with the president, Global Treasurer HBL Risha Mohyeddin and Head of Equities & Research HBL Humaira Qamar were also present at the event.

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

The index will be released on the first working day of each month, offering a reliable and consistent measure of economic performance.

During the launch event, Luke Thompson, Managing Director of S&P Global Market Intelligence, emphasized the significance of this development.

The launch of Pakistan’s first-ever PMI is a major step towards providing timely and high-frequency data to monitor economic trends, he added.

It will support decision-making for financial institutions, investors, and businesses, he stated.

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

Thompson expressed confidence that the index would quickly become a key reference point in Pakistan’s national economic calendar, according to the press release.

HBL President & CEO Muhammad Nassir Salim highlighted the impact of the PMI, stating, With this launch, we expect enhanced investor confidence and greater transparency in Pakistan’s economy.

This index will not only offer valuable insights for businesses but also serve as an essential resource for policymakers and investors, he added.

The newly introduced index is expected to play a crucial role in fostering increased engagement and investment across multiple sectors, ultimately contributing to Pakistan’s overall economic growth.

By serving as a vital tool for financial institutions, policymakers, and businesses, the HBL S&P Global PMI aims to facilitate informed decision-making and strategic planning across various industries.

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