Tarin praises businessmen trust on government policies

ISLAMABAD: The recently conducted Business Confidence Index (BCI) Survey-Wave 20 by the Overseas Investors Chamber of Commerce and Industry (OICCI), has indicated that the overall BCI has increased by 59 per cent and stands at +9 per cent (from -50 per cent during May 2020) and +34 per cent (from -74 per cent in May 2020) for the OICCI members; as positive perceptions on several aspects have pushed back some negative macroeconomic factors during the last survey.

The main drivers leading towards the dramatic increase in the business confidence are trust in the present government’s policies, better law and order situation and the relaxation in lockdowns.

Respondents believe that the next six months will be even better than the previous six months with higher sales volume, profits and return on investment.

The survey was conducted in nine major cities of the country and was participated by manufacturers (40 per cent), service providers (35 per cent) and wholesalers/retailers (25 per cent).

The finance minister said the government has instilled a new zeal in the business community through its progressive, consistent and transparent policies.

The Federal Budget 2021/22 was welcomed by the business community as pro-people, growth-oriented and business-friendly; thus, with other positive developments taking place on the international front, like the IMF’s SDR allocation for member countries, including Pakistan, will lead towards an all-inclusive and sustainable economic growth, as envisaged by Prime Minister Imran Khan, he added.