KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey – Wave 19, which shows that the overall Business Confidence Score (BCS) in Pakistan stands at negative 50 percent. The latest BCI survey results reflect the continued pessimism across all sectors in general and particularly in the manufacturing and services sector. The BCS of retail and wholesale trade remained unchanged; 44 percent negative in both Wave 18 and Wave 19 surveys. Therefore the poor Business confidence score in the last two surveys, while a matter of concern to all the stakeholders are not surprising, in fact quite understandable, under the current challenging circumstances. OICCI BCI survey, conducted every six months, is a comprehensive review of the perception of business leadership in Pakistan covering business environment at regional, national, sectorial and own business entity level.

Source: Pakistan Today August 05, 2020 07:07 UTC