Islamabad (TDI): Habib Bank Limited (HBL), in partnership with S&P Global, has introduced the HBL S&P Global PMI® (Purchasing Managers’ Index™) for Pakistan. This initiative will provide key insights into the country’s manufacturing industry, assisting businesses, investors, and decision-makers in better understanding economic trends.
In this regard, the PMI is an internationally recognized economic indicator that offers monthly data on manufacturing activity. It will help financial institutions, policymakers, and businesses make informed decisions and plan strategically.
At the launch event, Luke Thompson, the Managing Director at S&P Global Market Intelligence, focused on the PMI’s role in tracking Pakistan’s economic progress. He underlined that the index would provide timely and reliable data, making it a key part of the national economic calendar.
In addition, Muhammad Nassir Salim, President & CEO of HBL, expressed assurance that the PMI would increase investor trust and economic transparency. He mentioned that this index would be a valuable tool for businesses, policymakers, and investors managing Pakistan’s economy.
However, the HBL S&P Global PMI will be released on the first working day of each month and will be based on responses from a broad range of manufacturing industries. In such a scenario, by providing real-time insights, it plans to empower economic engagement, attract investment, and support Pakistan’s economic growth.
A dedicated writer and avid observer of the evolving world of international relations. My passion for geopolitics was ignited during my academic journey, where I excelled in competitive exams, and it has since become the cornerstone of my writing career. I am driven by an insatiable curiosity about the complex interplay of global forces that shape our world.
