Pakistan’s Business Confidence Score rises by 59% percent – BCI Survey
ISLAMABAD: Pakistan’s Business Confidence Score (BCS) has witnessed a positive growth of fifty-nine per cent, now standing at 9 per cent, revealed Business Confidence Index (BCI) Survey – Wave 20 conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
The positive trend witnessed has been accredited to the start of economic and vaccination of the public against the disease.
“More good news on econ front. OICCI’s BCI Survey shows Pak standing at positive score of 9%, an improvement of 59% from -50% score of May ’20. OICCI mbrs confidence stands at +34% vs -74% in 2020, a turnaround of 108%. Dramatic rise in confidence of business esp foreign investors’, tweeted Prime Minister Imran Khan.
The country previously earned a negative 50 per cent score in the Wave 19 Survey conducted in May 2020 due to the outbreak of the COVID-19 pandemic.
A positive shift has been observed in all three segments – manufacturing, services, and retail/wholesale sectors. The first two sectors recorded an increase of 65 per cent each – manufacturing rose to a positive 17 per cent from -48 per cent, whereas services grew from -59 per cent to positive 6 per cent). The retail/wholesale sector went up by 44 per cent (from -4 per cent to 0).
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