World Bank’s Executive Directors Comes to Pakistan After 20 Years
February 18, 2025
Elon Musk Unveils Grok 3, Calls It “Smartest AI on Earth”
February 19, 2025
Pakistan’s largest bank, HBL, and global financial analytics firm S&P Global have introduced a new index to monitor the country’s manufacturing sector, the companies announced on Friday. Amid efforts to recover under a $7 billion International Monetary Fund program approved in September, rising taxes and power tariffs have fueled social unrest and severely impacted industries in Pakistan’s $350 billion economy.
The HBL S&P Global Purchasing Managers’ Index will be Pakistan’s first comprehensive manufacturing index, offering standardized economic insights based on industry surveys. It aims to provide valuable data for investors in a market with limited economic information.
The launch of Pakistan’s first ever PMI is a significant event contributing to the accessibility of timely and high-frequency data to track economic developments in Pakistan and support decision making by financial institutions, investors and businesses,” said Luke Thompson, Managing Director of S&P Global Market Intelligence, in a statement.
Muhammad Nassir Salim, President & CEO of HBL said the series will enhance investor confidence and transparency in Pakistan’s economy.
