Gallup Pakistan has released its 4th Quarter 2021 Business Confidence Survey (BCS) Report, which reveals that as concerns about inflation arise, the confidence of Pakistani business community in the future state of economy is declining.

The Gallup Pakistan report is based on a systematic survey of business community across all provinces of the country with over 500 statistically chosen businesses from all over Pakistan.

The findings that emerged from the study’s Q4 2021 Report show that businesses are less confident about the future than the present. Gallup report said that while businesses are expecting more favourable outcomes from their current business situation, their expectations regarding the future are quite dim.

The comparison of recent findings with the results off Q2 2021 show that inflation remains to be a steady problem within the current business scenario and has, in fact, gotten worse. Around 48 per cent of businesses have said that they want government to handle first the problem of inflation in the country.

Business community has also claimed that the government needs to provide some relief or financial support along with solving problems caused by the devaluation of the Pakistani rupee on an urgent basis.

The unemployment in Pakistan has also increased. 45 per cent businesses reported that they have less workers now working for them as compared to same month last year.

On the other hand, around 26 per cent have reported that they dissatisfied with the quality of human resource available to them. However, 29 per cent of businesses reported to be quite satisfied while 44 per cent were somewhat satisfied.

From : pk.mashable.com

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