ISLAMABAD:
A new opinion survey revealed, that about 83% of Pakistanis are concerned about their job security due to prevailing economic conditions in Pakistan.
Ipsos – a global market research and consulting firm – on Thursday officially announced the findings of its second Global Consumer Confidence Index (GCCI) survey, generally known as the National Index, which was conducted last month. The results showed that people’s trust in the economy had further weakened; they were less comfortable about making investments and only 21% were of the opinion that the country was heading in the right direction.
On the question of job security, only 17% Pakistanis said their jobs were secure while 31% of respondents said they or people known to them had lost their jobs as a result of economic conditions.
The results are based on a score ranging from 0-100 and the index inching towards 100 means better sentiment. The survey was conducted in December. Increasing inflation, unemployment and increasing poverty turned out to be the most worrying issues for the respondents as all depicted poor economic management of the country that has now left millions in the lurch.
Survey results showed that about 91% of Pakistanis were less comfortable about buying a car or a home as compared to a year ago, according to the survey. Similarly, 90% of Pakistani respondents said they were not comfortable about making household purchases.
People’s confidence in the economy was on the decline as the country’s score on the National Index stood at only 32.8 – one point lower than the August 2019 findings. India’s score stood at 61.1, which also dropped from 62.9. People are not willing to make personal investment decisions in the next six months due to an overall low trust in the economy, according to the poll.
Prime Minister Imran Khan had promised to create 10 million jobs in five years and build five million homes. However, last week, the prime minister acknowledged that the government could not give jobs to the people, although he claimed that 2020 would be the year of economic revival.
A new opinion survey revealed, that about 83% of Pakistanis are concerned about their job security due to prevailing economic conditions in Pakistan.
Ipsos – a global market research and consulting firm – on Thursday officially announced the findings of its second Global Consumer Confidence Index (GCCI) survey, generally known as the National Index, which was conducted last month. The results showed that people’s trust in the economy had further weakened; they were less comfortable about making investments and only 21% were of the opinion that the country was heading in the right direction.
On the question of job security, only 17% Pakistanis said their jobs were secure while 31% of respondents said they or people known to them had lost their jobs as a result of economic conditions.
The results are based on a score ranging from 0-100 and the index inching towards 100 means better sentiment. The survey was conducted in December. Increasing inflation, unemployment and increasing poverty turned out to be the most worrying issues for the respondents as all depicted poor economic management of the country that has now left millions in the lurch.
Survey results showed that about 91% of Pakistanis were less comfortable about buying a car or a home as compared to a year ago, according to the survey. Similarly, 90% of Pakistani respondents said they were not comfortable about making household purchases.
People’s confidence in the economy was on the decline as the country’s score on the National Index stood at only 32.8 – one point lower than the August 2019 findings. India’s score stood at 61.1, which also dropped from 62.9. People are not willing to make personal investment decisions in the next six months due to an overall low trust in the economy, according to the poll.
Prime Minister Imran Khan had promised to create 10 million jobs in five years and build five million homes. However, last week, the prime minister acknowledged that the government could not give jobs to the people, although he claimed that 2020 would be the year of economic revival.