Pakistan Business Confidence Index Improves 4% in OICCI Survey
The survey revealed a notable improvement in business confidence in Pakistan, with a 9 percent increase compared to the March-April 2024 survey. The Business Confidence Index has improved from -14 to -5 percent.
According to the OICCI, positive economic growth, a stable exchange rate, and a significant decrease in inflation are key factors contributing to the improvement in business confidence.
The services sector has seen the most significant improvement in business confidence, followed by the manufacturing sector, which has seen its confidence level improve from -15 to -3 percent. The retail and wholesale sector, however, has seen a decline in confidence, with its index falling from -15 to -18 percent.
Pakistan’s Business Confidence Index improves by 4pc: OICCI survey
Earlier, the OICCI revealed that business confidence in Pakistan improved by 4%, but remained in the negative, according to the 25th Wave of the Business Confidence Index (BCI) survey.
The survey was conducted across Pakistan during March-April 2024.
According to the OICCI, the BCI has shown some positive signs of economic recovery, rising to negative 14% in March-April 2024 from negative 18% in the previous survey
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