Latest news with #IPSOSConsumerConfidenceSurvey
Business Recorder
3 days ago
- Business
- Business Recorder
Aurangzeb hails IPSOS survey findings
ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Sunday hailed the results of the IPSOS Consumer Confidence Survey for Q2 2025, which he described as a strong signal of improving economic sentiment and stability across the country. According to the survey, 42% of Pakistanis now believe the country is headed in the right direction – marking the highest level of optimism in six years. The data also showed that perceptions of a strong economy have reached their most favourable levels since August 2019. In a significant shift, optimism has surpassed pessimism for the first time since consumer confidence tracking began, indicating a key psychological turnaround among the population. Govt to introduce 'bold measures' in the upcoming budget, says Aurangzeb In a statement, Aurangzeb attributed the positive results to the government's disciplined macroeconomic strategy over the past 14 months, which he claimed has stabilized key economic indicators. These include controlling inflation, strengthening the exchange rate, rebuilding foreign exchange reserves, and improving fiscal discipline. 'The data reflects the success of our efforts in stabilizing the economy, and it signals the beginning of a broader economic recovery,' he added. Consumer confidence in major purchases and investments has doubled compared to the same period last year, signalling that households are growing more confident in their financial prospects. Confidence in job security also reached its highest level since 2019, suggesting improvements in labour market conditions, he added. The survey's findings showed broad-based optimism across urban and rural areas, with notable increases in confidence among youth and women. This, according to the minister, highlights the widespread nature of the country's economic recovery. Aurangzeb linked the positive shift in sentiment to the government's focus on creating an environment conducive to private sector growth, boosting exports, and improving social protection and financial inclusion. 'The government remains committed to maintaining macroeconomic stability and implementing structural reforms to ensure sustainable and inclusive growth,' he added. The minister claimed the survey results confirm that Pakistan is on a steady path to economic recovery and resilience. Copyright Business Recorder, 2025
Business Recorder
3 days ago
- Business
- Business Recorder
Surge in consumer confidence sign of economic recovery: Aurangzeb
Finance Minister Senator Muhammad Aurangzeb on Sunday welcomed the findings of the IPSOS Consumer Confidence Survey for Q2 2025, describing the results as a 'strong affirmation' of Pakistan's improving economic trajectory and growing public trust in the government's economic policies. According to the survey, 42 percent of respondents believe Pakistan is moving in the right direction, the highest level recorded in six years, while perceptions of economic strength have reached their most positive levels since August 2019. For the first time since IPSOS began tracking consumer sentiment, optimism has surpassed pessimism, marking what the minister called a 'key psychological shift' among the population. 'This encouraging data is a reflection of our disciplined and targeted macroeconomic strategy over the past 14 months,' Aurangzeb said in a statement. 'We have focused on stabilizing inflation, strengthening the exchange rate, rebuilding foreign reserves, and improving fiscal discipline.' FED on processed foods: nutritional reform or revenue racket? He said consumer confidence in making major purchases and investments has doubled compared to the same period last year, suggesting households are gaining financial security. Additionally, job security sentiment is now at its highest since 2019, he added, attributing the trend to the government's pro-growth reforms. The finance minister also pointed out that the upswing in sentiment is visible across both urban and rural regions, with marked improvements seen among women and youth, an indication of what he termed a 'broad-based economic turnaround.' Govt urged to craft a budget that reflects commitment to progress He credited the improved outlook to the government's efforts to foster private sector growth, enhance exports, expand social safety nets, and promote financial inclusion. Aurangzeb reiterated the government's commitment to sustaining macroeconomic stability and accelerating structural reforms. 'The IPSOS survey results are a timely validation of our economic direction and a clear signal that Pakistan is on the path to recovery and resilience,' he added.
