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.
More excellent news on econ entrance. OICCI’s BCI Survey reveals Pak standing at constructive rating of 9%, an enchancment of 59% from -50% rating of May ’20. OICCI mbrs confidence stands at +34% vs -74% in 2020, a turnaround of 108%. Dramatic rise in confidence of enterprise esp international traders pic.twitter.com/Sw1cT3BK8p
— Imran Khan (@ImranKhanPTI) August 23, 2021
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%.
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.