Pakistan Consumer Confidence Soars, Finance Minister ⁤Credits economic Strategy

⁤ Updated June 01, 2025

PakistanS ‍Finance minister Muhammad Aurangzeb on Sunday welcomed the Ipsos Consumer Confidence Survey results for the second quarter of 2025, attributing the positive findings to the government’s successful macroeconomic strategy over the ⁤past 14 months. The survey,conducted by Ipsos,gauges consumer behavior and market trends across 89 countries.

According to a press release from the Ministry of​ finance, Aurangzeb said the survey affirms the improving economic outlook and public⁣ sentiment in Pakistan. The survey indicates a meaningful rise in consumer ⁣confidence, with 42% of pakistanis​ believing the country is moving in the right direction—the highest level in​ six ​years.Perceptions of a strong economy have ⁣also reached their most favorable levels since August 2019. ​For the first ​time as consumer confidence ‌tracking⁤ began, optimism has surpassed pessimism, marking a key shift among the population.

Aurangzeb emphasized that this data reflects the success of the government’s disciplined‍ and targeted macroeconomic strategy ‌implemented over the ‌last 14 months. He noted that stabilizing key economic indicators, including containing inflation, strengthening⁤ the exchange ⁤rate, rebuilding foreign exchange reserves, and improving fiscal discipline, has laid the groundwork for renewed public trust and economic ​recovery. Confidence in‍ making major⁢ purchases⁢ and investments has doubled compared to last year,⁣ suggesting households ⁢feel ​more secure financially. Similarly,job security confidence is at its highest since 2019,indicating ‍labor market stabilization due to pro-growth policies and reforms.

The finance minister also pointed out that the upswing in confidence spans urban and rural areas, particularly among youth and ⁤women, demonstrating the broad-based nature of the economic turnaround. He linked this optimism ⁣to sustained government efforts to create an enabling environment for private sector growth,boost exports,enhance social protection,and encourage financial⁢ inclusion.

“The findings⁢ of the Ipsos survey are a timely validation of Pakistan’s ⁤economic direction and a‍ clear signal that the country⁢ is on a steady path toward recovery and resilience,” Aurangzeb ⁣said.

In ⁣April,Aurangzeb stated that Pakistan had⁣ reached ​a crucial juncture in ​its economic recovery and transformation.Speaking at a conference, he highlighted achievements such as ‌a historic reduction in⁢ inflation to 0.7%, doubled foreign exchange reserves, a 3%⁢ currency recognition, and a current account⁢ surplus exceeding $1 billion⁢ in March. Pakistan also saw a 44% increase in Foreign Direct Investment‍ (FDI), a 24% rise in IT exports, and record-high remittances projected at ‌$38 billion.⁢ The nation achieved a fiscal surplus for the first time in 24 years, with the highest primary surplus in two ⁢decades.

What’s next

The government remains committed to maintaining macroeconomic stability,⁢ accelerating structural​ reforms, and ensuring‌ that economic growth translates into ⁢real and inclusive⁢ progress for all citizens.