Pakistan’s business confidence index falls in September

The Business Confidence Index (BCI) in Pakistan decreased by one point to 50.0 in September 2024, according to the latest Business Confidence Survey (BCS) conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA). The decrease in confidence was driven by declines in both the Industry and Services sectors. Specifically, the confidence in the Industry sector dropped by 0.6 points to 48.1, while the Services sector saw a decline of 1.0 points, bringing its index to 50.7. Source: Business Confidence Survey (BCS)* – September 2024 (52nd Wave) This dip in business confidence reflects growing concerns within the Pakistani business community over the current economic situation. Current Business Confidence: The Current Business Confidence Index (CBCI) experienced a notable decline, falling by 1.6 points to 47.8 in September 2024.