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60pc businessmen feel things heading in wrong direction: Gallup survey

ejaz007

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60pc businessmen feel things heading in wrong direction: Gallup survey

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ISLAMABAD: A latest Gallup survey has found that the country’s sweeping 60 percent businessmen feel that things are heading in the wrong direction.

The Gallup conducted survey of 433 businessmen belonging to different parts of the country in which a sweeping majority has found that the country is not heading in the right direction.

When asked about direction of the country, there were 60 percent respondents from business community who feel that the country was heading in the wrong direction, while 37 percent considered that the direction was right and 3 percent did not give any reply.

When business owners were asked, “Of the following issues, which issue would you say affects your business the most”? There were 49 percent respondents who stated that the deteriorating economy was affecting their business the most.

There were 14 percent who said uncooperative government has the most significant impact, while 9 percent said it was the unavailability of trustworthy workers. Six percent stated it is the lack of funds, and 5 percent said law and order situation were the major issues impacting their business. Twelve percent respondents did not give any reply to this question.

When asked about hope for the coming years, the hope for the coming year (12 months) was significantly better than direction of the country.

The business owners were asked, “When thinking about your business, please tell whether coming year will be better, worse, or the same for your business?”

More than 2 in 5 (43 percent) respondents were of the opinion that the coming year will be better for their business than the one that had passed. There were 36 percent respondents who stated that the coming year will be worse, while 16 percent stated that it will be the same. Five percent respondents did not reply this question.

When asked about issues affecting the business owners want the government to tackle, they replied that inflation and taxes were the most affecting issues for them.

When business owners were then asked, “Which issue affects your business the most, for which you want a solution from the government? 22 percent respondents said that inflation was the issue they want the government to solve. 19 percent business owners said they were most impacted by taxes, followed by 11 percent who were most concerned with factors impacting imports and exports.

Four percent respondents said they were affected by utility prices, 4 percent were concerned because of corruption, 3 percent because of law and order, 2 percent because of fuel prices, 2 percent due to employment problem and others 24 percent.

https://www.thenews.com.pk/print/60...ings-heading-in-wrong-direction-gallup-survey
 
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A sample size of 433 businessmen, most likely those who were previously non filers and now forced to cut down their business or had to become filer.

Transparency international and Gallup, if I remember right according to their pre election survey noora league and undecided orientation party were way ahead of incumbent setup in popularity.
 
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welcome to IMF shock economic

welcome to hi elec and gas utility prices

welcome to a devalued PKR

welcome to inflation

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tabdeeli ka keera sirf pound and riyal waloon mei hai, pkr waloon ka mar gya hai
 
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Most of the business community are traders and have resisted many attempts to bring them into tax net. Thankfully this is being addressed. Further, excessive duty on imports may also lead to local substitution of various imported items which should ease the outflow of dollars. However, the effectiveness of these efforts is a topic for another thread.

welcome to IMF shock economic

welcome to hi elec and gas utility prices

welcome to a devalued PKR

welcome to inflation

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tabdeeli ka keera sirf pound and riyal waloon mei hai, pkr waloon ka mar gya hai

Necessary evil man. We just don't have the funds to subsidize gas and utility prices any more. A devalued PKR is good in the long run as previously it was placed a ridiculous level. All that did was ease imports and was good for the trading class. As for Inflation, the current month's figures will truly tell whether high policy rate by the SBP has decreased it or not.
 
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No shit sherlock. most of the members here do not even live in Pakistan and are unaware of what’s actually going on here, so my post is not directed towards them. However, it doesn’t take rocket science to understand that every business in in the country is in a nose dive. Not to mention the exponentially high inflation since the PTi govt came to power.

If anyone of you actually has a job or a a business in Pakistan, you would know how messed up the economic situation is. Yet, shamelessly the PM keeps making speeches and telling people ke Ghabrana nai hai. What a joke this person his. He infact turned out to be the worst PM yet. Allah hi poochay ga Es se, for playing with the emotions of this poor nation. He basically used all that hatred towards Ganja brothers to come to power when he knew he wouldn’t be able to fulfill his promises. And now he’s telling more lies just to keep that power. For all those who still have faith in this government, all I can say is good luck to you on this road of delusion and denial created by this government. You ll only be disappointed.
 
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4 x commercial plazas in front of my office ( DHA )
all tenants left citing no business and their inability to pay bills . ( but no, inflation is good for country , right ?

PS - all were filers and paid taxes .

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will these be taken over by Ehsas Program?

we are possibly headed to an over regulated / communist style govt + market chaos of IMF shock-economics.

people are underestimating the devastation of a devalued PKR . i see it everyday
 
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we are possibly headed to an over regulated / communist style govt + market chaos of IMF shock-economics.

people are underestimating the devastation of a devalued PKR . i see it everyday

Tell me something new buddy. This is 20 year old news
 
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