Pakistan launches first-ever PMI Index to boost economic insights

Habib Bank Limited (HBL), in partnership with S&P Global, has launched the HBL S&P Global PMI (Purchasing Managers’ Index) series for Pakistan, marking a significant step in economic analysis for the country’s manufacturing sector.

The index, an internationally recognized economic indicator, will be released monthly, providing valuable insights into various aspects of Pakistan’s economy. Designed to support financial institutions, policymakers, and businesses, the PMI aims to enhance data-driven decision-making and strategic planning.

During the launch event, senior executives from S&P Global emphasized the significance of the PMI as a key economic tool.

“The launch of Pakistan’s first-ever PMI is a milestone in improving access to high-frequency economic data,” said Luke Thompson, managing director at S&P Global Market Intelligence. “We anticipate that the HBL Pakistan Manufacturing PMI will soon become a crucial marker in the country’s economic calendar.”

HBL President and CEO Muhammad Nassir Salim echoed this sentiment, stating that the index would contribute to greater transparency and investor confidence.

“This PMI will offer valuable insights for businesses while serving as a vital resource for policymakers and investors navigating Pakistan’s economic landscape,” Salim said.

Compiled from responses to industry-wide questionnaires, the HBL S&P Global PMI is expected to drive engagement and investment across multiple sectors, ultimately supporting Pakistan’s economic growth.

The index will be released on the first working day of each month, providing stakeholders with a reliable measure of economic performance.