Pakistan up 59 points in Business Confidence Index: PM

Premier says OICCI members confidence stands at 34 per cent after a 108 per cent increase

ISLAMABAD:

Prime Minister Imran Khan shared on Monday a survey of the Overseas Investors Chambers of Commerce and Industry (OICCI) showing a "dramatic rise" in the confidence of foreign investors regarding the business environment in Pakistan.

More good news on econ front. OICCI's BCI Survey shows Pak standing at positive score of 9%, an improvement of 59% from -50% score of May '20. OICCI mbrs confidence stands at +34% vs -74% in 2020, a turnaround of 108%. Dramatic rise in confidence of business esp foreign investors pic.twitter.com/Sw1cT3BK8p

— Imran Khan (@ImranKhanPTI) August 23, 2021

 

In a tweet, the prime minister said that the Business Confidence Index (BCI) showed Pakistan standing at a positive score of nine per cent -- an improvement of 59 per cent. According to BCI 2020, Pakistan had an overall score of -50%.

Read Pakistan ranks top 10 in business environment: report

The PM further shared that OICCI members' confidence also rose dramatically. In 2020, Pakistan ranked at -74%. However, this year, the score rose to 34% -- an improvement of 108 points.

In August last year, the OICCI shared the results of its Business Confidence Index (BCI) Survey – Wave 19 on its website that showed that the overall Business Confidence Score (BCS) in Pakistan stood at minus 50%, a further drop by 5% from the already -45% score in Wave 18 Survey conducted in August 2019.