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Business Confidence in Pakistan Rises Slightly Amid Inflation and Policy Concerns: OICCI Survey

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25th Wave of the Business Confidence Index (BCI) survey

Business confidence in Pakistan has shown a slight improvement, rising by 4 percent according to the 25th Wave of the Business Confidence Index (BCI) survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). Despite the rise, the confidence index remains negative at -14 percent, reflecting lingering concerns. OICCI President Rehan Shaikh noted the positive signs of economic recovery, citing improved economic growth, a stable exchange rate, and declining inflation as contributing factors.

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Retail sector showed notable improvement

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However, the future outlook remains clouded by anticipated inflation, high taxation, and inconsistent government policies. The survey, which includes feedback from about 80 percent of GDP stakeholders, highlighted significant challenges, especially in the manufacturing sector where confidence declined to -15 percent. In contrast, the retail sector showed notable improvement, and the services sector also demonstrated signs of optimism. Key concerns over the past six months included political instability, fuel prices, high inflation, and currency devaluation, while declining inflation and a stable exchange rate were seen as positive factors.

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