ISLAMABAD – With a huge turnaround, the overall business confidence in Pakistan surged 59% in past fiscal year due to better government policies to pace up economic growth and curb Covid-19 pandemic.
This has been revealed in Business Confidence Index (BCI) Surve – Wave 20, conducted by Overseas Investors Chamber of Commerce and Industry (OICCI) for the period starting from May 2020 to July 2021,
Prime Minister Imran Khan shared the development on Twitter stating, “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”.
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 pic.twitter.com/Sw1cT3BK8p
— Imran Khan (@ImranKhanPTI) August 23, 2021
He further said that OICCI members’ confidence stands at +34% as compare to -74% in 2020, a turnaround of 108%.
“Dramatic rise in confidence of business esp foreign investors,” the premier added.
Other factors influencing increase in confidence include overall economic growth, improvement in law and order situation and infrastructure, incentives announced for businesses in Finance Act 2021 and improved energy situation, said the international organisation.