Business in Pakistan at risk as majority (60%) business owners think Pakistan headed in the wrong direction.
According to details, Gallup Pakistan said in its latest survey Business in Pakistan at risk as Majority (60%) business owners think Pakistan headed in the wrong direction, deteriorating economy and uncooperative government cited as major hurdles.
Gallup Pakistan Business Confidence Index said 3 in 5 respondents (60%) of the survey that carried in late 2019, said they are pessimistic about the direction of the country,
But more are hopeful (43%) that the coming year will be better for their business.
The survey is the first of a Quarterly Business Confidence Survey that Gallup Pakistan aims to do in Pakistan.
Business Confidence Index is an important barometer capturing the sentiments of business community in any country and used across the world by policy makers.
The survey conducted in the last Quarter of 2019 with around 500 businesses across Pakistan.
However, 36 per cent of the survey respondents were of the opinion that the coming year would not bring them much relief,
While 16 per cent said it would remain the same.
Five percent chose not to reply to the question.
When asked about issues affecting business owners and whether they would want the government to tackle them,
A majority of the respondents said that inflation and taxes were the most pressing issues for them.
19 per cent business owners said they most impacted by taxes,
Followed by 11 per cent who most concerned with factors impacting imports and exports.
Four per cent of those polled said they affected by utility prices, 4 per cent concerned because of corruption, 3 per cent because of law and order, and 2 percent because of fuel prices.