Islamabad (TDI): Commenting on the economic situation in Pakistan, Finance Minister’s Advisor Khurram Schehzad on Wednesday said that the recent Ipsos survey reveals a growing public confidence and steady progress toward economic stability.
In a statement on Wednesday, Khurram said the survey shows that the belief in country’s right direction nearly doubled to 19 percent, the highest in 36 months. Similarly, the inflation concerns also dropped by 16 points that are lowest in last 3.5 years.
The survey paints a better future optimism percentage of 21 percent expecting an improvement of local economy in next six months. While, comfort with household purchases improved by 6 points this quarter and confidence in saving for the future is rising again.
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As far as stable Job Security is concerned, the results of survey stood at a 3-year high.
Pakistan’s Global Consumer Confidence Index improved, surpassing Türkiye for the first time in two years, while India, China, and Brazil are down.
Khurram on the govt policies
According to the statement these signals reflect growing public confidence and steady progress in economic resilience.
They also provide the government with more impetus to further build on these achievements to ensure sustained economic progress and prosperity for all citizens, it added.
The survey incorporates responses from all the four provinces, ICT and GB as well as Azad Jammuu and Kashmir.
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Last week, Advisor to Finance Minister on Economic and Financial Reforms, Khurram Schehzad stated that inflation was significantly slowing down, followed by higher potential for rate cuts and its positive outcomes for businesses, industries and the government debt servicing and the overall fiscal balances.
Khurram Schehzad, a seasoned investment banker, has been appointed as the adviser to Finance Minister Mohammad Aurangzeb on financial reforms last month.
The government aims to implement transformative changes across various economic sectors to ensure sustainable growth, a statement read.
