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.
Retail sector showed notable improvement
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.
- Zong Partners with WWF to Protect Endangered Indus River Dolphin
- Two Chitrali Youth Killed in Dubai Stabbing Incident
- Mastercard supports an SME initiative with Jarir in Saudi Arabia
- Emirates Hits 100 Aircraft Milestone in Global Retrofit Programme
- Bata India Hits 2,000 Stores, Sets 3,000-Outlet Target With Focus on Tier III-IV and Digital Growth
