Latest news with #HabibBankLimited
Express Tribune
16-03-2025
- Sport
- Express Tribune
Trophy on tour: cricket frenzy grips the city
The glittering Luminara Trophy of HBL PSL X had a spectacular unveiling in Karachi's coastal waters. PHOTO: PCB The Habib Bank Limited (HBL) Pakistan Super League (PSL) session 10 trophy, which is currently on a nationwide tour, was displayed at several locations in Karachi on Saturday. At Frere Hall, a large crowd of cricket lovers gathered to have a glimpse of the trophy. They snapped selfies with the iconic trophy, while foreign visitors joined the excitement, capturing memorable moments with the prized artifact. Many of these international visitors expressed their admiration for the league, highlighting how the HBL PSL has helped bring Pakistan's cricketing talent into the global spotlight. Interestingly, some of the foreign visitors revealed their allegiance to popular PSL franchises, including Karachi Kings and Islamabad United. The nationwide tour of the HBL PSL 10 trophy will continue until March 29, traveling to 11 cities nationwide. After its successful display in Karachi, the trophy will make stops in Lahore (March 16-17), Multan (March 18).
Arab News
14-02-2025
- Business
- Arab News
Habib Bank, S&P Global launch Pakistan's first index to track manufacturing sector
ISLAMABAD: Pakistan's largest bank, Habib Bank Limited (HBL), and global financial information and analytics firm S&P Global have launched a new index to track the country's manufacturing sector, the companies said on Friday. Rising taxes and power tariffs have led to social unrest and hammered industries in Pakistan's $350 billion economy, as it navigates a tricky path to recovery under a $7 billion International Monetary Fund (IMF) program approved in September. The HBL S&P Global Purchasing Managers' Index will be a standardized economic indicator based on a survey of a diverse panel of industries. It will be Pakistan's first comprehensive manufacturing index and a welcome source of information for investors in a country where economic data is scarce. The industries will be asked about their perceptions of current business conditions and future expectations and the index will be released on the first working day of each month, the companies said in a statement. '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.
