Pakistan up 59 factors in Business Confidence Index: PM


ISLAMABAD:

Prime Minister Imran Khan shared on Monday a survey of the Overseas Investors Chambers of Commerce and Industry (OICCI) exhibiting a “dramatic rise” within the confidence of international traders relating to the enterprise surroundings in Pakistan.

In a tweet, the prime minister mentioned that the Business Confidence Index (BCI) confirmed Pakistan standing at a constructive rating of 9 per cent — an enchancment of 59 per cent. According to BCI 2020, Pakistan had an general rating of -50%.

Read Pakistan ranks high 10 in enterprise surroundings: report

The PM additional shared that OICCI members’ confidence additionally rose dramatically. In 2020, Pakistan ranked at -74%. However, this 12 months, the rating rose to 34% — an enchancment of 108 factors.

In August final 12 months, the OICCI shared the outcomes of its Business Confidence Index (BCI) Survey – Wave 19 on its web site that confirmed that the general Business Confidence Score (BCS) in Pakistan stood at minus 50%, an additional drop by 5% from the already -45% rating in Wave 18 Survey performed in August 2019.

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