A new report has revealed that international investors are looking towards Pakistan for business opportunities and queries regarding this have increased to a great extent.
Dun & Bradstreet (D&B), which provides commercial data globally in the form of ‘Business Optimism Index’ (BOI), presented the report which stated that the business community in the country is optimistic about their position.
In an official statement, D&B said: “We used to collect data of Pakistani companies located in Dubai, We had data of around 100,000 Pakistani companies but looking at the rising demand we [D&B] decided to launch our office in Pakistan.”
As per the report, large companies are relatively more optimistic than small and medium enterprises (SMEs). Similarly, companies in the services sector are more hopeful as compared to the trading and manufacturing sectors.
D&B, initiated in the early 1900s, will publish a report quarterly, in a bid to measure the progress of the business community and serve as a tool to assess the position of the businesses in Pakistan.
The response from the business community reflects respondents’ position regarding the current business situation, and forecast business situation. Based on the results, respondents are more optimistic regarding the forecast business situation in comparison to the current business situation.
Around 66% of the respondents expect business situation to be good in the upcoming quarter compared to 42% of respondents in the current quarter. However, 9% of the respondents expect their business situation to be poor in the upcoming quarter, compared to 16% in the current quarter which is a positive indicator for businesses.