KARACHI: Overseas Investors Chamber of Commerce and Industry’s (OICCI) latest business confidence index (BCI) has shown significant improvement of 8 per cent, and stood at 21pc, positive.

After two consecutive negative trends recorded in BCI which stood at 13 and 14pc, respectively, the turnaround was quite encouraging and this indicates that business community was coming out of apprehensions.

According to details, the BCI Survey-Wave 15 shows that the overall BCI in the country stood at 21pc positive, showing a significant improvement over the 13pc recorded in the Wave 14 results announced in May. The survey results were largely influenced by the retail and wholesale trade sectors which led the upswing with 40pc positive sentiment, recording a 27pc improvement against Wave 14.

Further, the BCI survey disclosed that the country’s manufacturing sector followed with a confidence level of positive 16pc, showing a substantial net increase of 7pc, while the service sector at 15pc net positive sentiment recorded a marginal decline of 3pc against the Wave 14 survey.

Published in Dawn, November 17th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...