Pakistan surge 59 points on Business Confidence Index

-PM says Pakistan’s positive score of OICCI’s survey shows investors’ confidence

By Uzma Zafar

ISLAMABAD: Prime Minister Imran Khan shared on Monday a survey of the Overseas Investors Chambers of Commerce and Industry (OICCI) showing a “dramatic rise” in the confidence of foreign investors regarding the business environment in Pakistan.
In a tweet, the prime minister said that the Business Confidence Index (BCI) showed Pakistan standing at a positive score of nine per cent, an improvement of 59 per cent. According to BCI 2020, Pakistan had an overall score of -50%.
The PM further shared that OICCI members’ confidence also rose dramatically. In 2020, Pakistan ranked at -74%. However, this year, the score rose to 34%, an improvement of 108 points.
OICCI is a Pakistani platform to promote foreign investments, whose annual BCI report marked Pakistan minus 50 pc in terms of trader community confidence.
This year’s plus 9 pc means the country improved a total 59 pc when it comes to reinstating the confidence amongst its traders, especially those driving in foreign investments.
In August last year, the OICCI shared the results of its Business Confidence Index (BCI) Survey, Wave 19 on its website that showed that the overall Business Confidence Score (BCS) in Pakistan stood at minus 50%, a further drop by 5% from the already -45% score in Wave 18 Survey conducted in August 2019.
Separately, Prime Minister on Monday said the best solution to all social problems lay in following the Seerat of Prophet Muhammad (PBUH) and emphasized that besides Islamic history, the children should be taught the golden principles of his life.
Chairing a review meeting on the implementation of Single National Curriculum, the prime minister said the Prophet’s Seerat was a beacon for all the coming generations with its specific emphasis on ethics, morality and mannerism.
The prime minister directed finalization of the curriculum for sixth to twelfth grades by the end of this year, in consultation with provinces. He expressed satisfaction over the performance of the Ministry of Education in implementing the national curriculum and emphasized on its constant review and necessary changes. The meeting was attended by Federal Minister for Education Shafqat Mehmood, Special Assistant Dr. Shahbaz Gill, Parliamentary Secretary Wajiha Akram and senior officials of the ministry.
Shafqat Mahmood gave a detailed briefing on the inclusion of content related to the teachings of Seerat-un-Nabi (PBUH) in the curriculum. He mentioned that scholars belonging to various religious schools of thought had been consulted in detail.
The meeting was told that focus had also been laid on the quality of teacher training and examinations.