The ratio of traders who consider that Pakistan is not moving in the right direction has jumped from 37 per cent from the last quarterly report to 59 per cent states Gallup Pakistan’s fourth quarterly report of Business Confidence Index (BCI).
The survey was conducted from October 13-28 and nearly 580 respondents, belonging to the country’s traders’ community participated in it.
The report states that responders have expressed great anxiety over the future of business in the country as the ratio of those predicting improvement in future business has dropped from 70 per cent to 61 per cent in the survey, reports Geo News.
Surprisingly, the given statistics in the report show that in Gallup Pakistan’s second quarterly report, 49 per cent of traders were happy with business activity but now 54 per cent of them expressed their satisfaction.
While answering the question, “which issues do the respondents want the government to address instantly”, 48 per cent declared inflation as the biggest problem for business, 16 per cent sought relief for the business class, 14 per cent for the stability of the Pakistani currency, 13 per cent for consistency in government policies, 6 per cent for controlling corruption, 6 per cent for the elimination of Covid-19 and ending lockdowns, 3 per cent for ending political instability, 3 per cent for improving export policies and two percent for non-availability of PayPal.
Among them, seven percent of respondents said they had no issue which could be resolved by the government.