Business confidence in pakistan
LM NEWS 24
LM NEWS 24

Business Confidence Drops In Pakistan

Business confidence in pakistan

As many as 72 per cent of businesses in Pakistan are troubled by default risks while 90 per cent are not supportive of the country’s economic direction, according to a recent Gallup survey, reported The Nation.

The report further read that this is a worrying sign for Pakistan’s economy, as businesses are the backbone of any nation’s economy.
The ongoing political disputes in the nation are the primary cause of this gloomy economic picture. Investor confidence has decreased as a result of the ongoing disputes between the government and the opposition, which have caused an unpredictable economic environment. Companies are reluctant to make investments in such a setting for concern that their money may not be secure in the long run, according to the survey.

Consumer spending has already decreased as a result of the pandemic in recent years, which has had a negative impact on businesses, especially small and medium-sized ones (SMEs). The energy crisis and the restriction on the import of raw materials have also caused issues for large-scale industries also, as per a report published in The Nation.

According to the Gallup survey, businesses in Khyber Pakhtunkhwa and Sindh are the most negatively impacted, with 70 per cent of respondents indicating difficult times for their economic prospects, compared to 64 per cent of respondents in Punjab. In these areas, businesses are having a particularly difficult time surviving due to a lack of government support and a difficult business climate.

The government must act immediately to address the concerns of corporate fears and boost investor confidence in the economy. The government must put its attention on fostering a stable political climate and enacting laws that will benefit enterprises, especially SMEs (Small and Medium Enterprises), which are the foundation of the national economy, The Nation reported. (ANI)

Read More: http://13.232.95.176/

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.
  • PHPSESSID

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
0
Would love your thoughts, please comment.x
()
x