Islamabad, September 6, 2023 – Pakistan has officially contested the findings of the Gallup Business Confidence Survey, which was recently published in a local financial daily newspaper.
In a press release issued by the Finance Division on Tuesday, the government expressed its reservations regarding the report and emphasized the need to view it within a broader context.
The 10th Quarterly Business Confidence Survey, conducted by Gallup Pakistan, aimed to gauge the sentiments of the business community. While acknowledging the value of the Business Confidence Index as a tool for understanding these sentiments, the government cautioned against drawing hasty conclusions from its findings and data.
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The Finance Division stressed the importance of considering various factors that influence business confidence, including market dynamics, external economic forces, and the unique circumstances faced by the businesses surveyed. They emphasized that a more comprehensive analysis is required to discern the precise economic indicators and factors contributing to business confidence in the economy.
In its statement, the government underlined its commitment to implementing vital policy measures aimed at enhancing business confidence in the country. The caretaker government has pledged to lead the economy towards stability and growth while ensuring the timely fulfillment of all international obligations.
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Furthermore, the government stated its determination to create a business-friendly environment that facilitates ease of doing business and lays the groundwork for long-term economic revival. These efforts are part of the broader strategy to foster economic stability and promote growth in Pakistan.
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In conclusion, Pakistan’s rejection of the Gallup Business Confidence Survey underscores the need for a more comprehensive assessment of the economic factors and circumstances affecting business confidence. The government’s commitment to implementing essential policy measures and creating a conducive business environment remains a priority as the country aims for economic recovery and growth.
