KARACHI: The HBL Pakistan Manufacturing PMI edged up to 51.8 in August from 51.7 in July, its highest level since the onset of the war, as domestic and export demand strengthened, a statement said on Tuesday.
“Although the pace of expansion remained modest, underlying demand conditions continued to improve, supported by a combination of stronger domestic orders and sustained growth in export demand,” the statement said.
“New orders expanded at their fastest rate in five months, reflecting improved product quality and competitive pricing strategies,” it added. Export orders also strengthened for a fourth consecutive month, highlighting resilience in external demand. The improved order environment continues to support manufacturing activity, with output rising at a pace broadly similar to July. However, producers remain cautious in scaling up production amid lingering inflationary pressures.
Manufacturers increased purchasing activity for the third successive month and continued to build inventories in anticipation of stronger demand ahead. Employment levels remain largely unchanged during the month, as selective hiring to meet higher order volumes is balanced by ongoing cost-management measures. Meanwhile, supply-chain conditions improved further, with delivery delays easing to their lowest level since November 2025.
“Business confidence regarding output over the next 12 months strengthened in August, reaching one of the highest levels recorded this year,” said Humaira Qamar, head of equities and research at HBL.“Optimism was underpinned by expectations of sustained sales growth and a moderation in price pressures,” Qamar said.
