Gallup survey highlights gradual increase in business confidence

Gallup Pakistan indicated signs of progress in the country’s economic trajectory that it termed highlighted a gradual increase in business confidence.This survey marks the 14th edition of Gallup Pakistan’s quarterly Business Confidence Survey. Conducted across more than 30 districts, the latest edition gathered insights from 482 small, medium, and large enterprises.According to the latest survey, business sentiment in Pakistan improved steadily, with 55% of respondents having a positive outlook for their businesses. Over the past six months, business confidence in Pakistan surged by 10%, reinforcing that the economy is moving in the right direction.It further revealed that a 19% increase in business expectations for the future, signals a positive trend. The perception of economic uncertainty declined by 7%, while confidence in future business prospects has risen by 36%.The report attributes the rise in business confidence to key factors such as declining inflation and interest rates. Also, a reduction in power outages played a crucial role, with 56% of business owners reporting no load shedding. These findings suggest a renewed sense of optimism in Pakistan’s commercial sector.Experts regard the Business Confidence Index as a crucial barometer reflecting the sentiments of the business community. Policymakers worldwide rely on such indices to gauge economic trends and formulate strategic decisions.