Published October 2, 2026 Updated about 2 hours ago By Press Release KARACHI: The HBL Pakistan Manufacturing PMI eased to 50.9 in September from 51.8 in August, marking the slowest expansion in manufacturing activity in three months. Growth moderated amid the ongoing impact of Middle East tensions filtering through the domestic economy. Demand conditions weakened during the month, with new orders contracting for the first time since June amid elevated fuel prices and pressure on household purchasing power. Export orders, however, provided some support, extending their growth streak to a fifth consecutive month. Despite softer demand, manufacturers increased purchasing activity at the fastest pace in seven months, reflecting efforts to strengthen inventory levels and safeguard against potential supply disruptions. Inflationary signals remained mixed during the month. Although input price inflation continued to moderate through September, fuel prices remained a key source of cost pressure, prompting manufacturers to pass higher operating costs on to consumers. This resulted…