Pakistan's Path to Economic Stability: Inflation at a 3.5-Year Low

Economic Stability and Growth in 2024

Pakistan's economy is on a promising path to stability, with inflation reaching its lowest level in three and a half years in 2024. This positive trend is highlighted by the latest Ipsos Consumer Confidence Index survey for the fourth quarter, which showcases significant economic improvements over the past year.

Bullish Stock Market Trends

The Pakistan Stock Market continues to exhibit bullish trends, underscoring investor confidence and signaling further economic growth. This optimistic outlook is supported by the survey, which predicts sustained economic progress.

Surge in Public Confidence

The number of individuals viewing the country's economic condition as strong has quadrupled since September 2023. Furthermore, 19% of those surveyed think that for the next six months, the economy will keep getting better. Notably, Pakistan has surpassed Turkey in the Global Consumer Confidence Index, reflecting the nation's growing economic strength on the global stage.

Improved Job Security and Purchasing Power

Confidence in job security and household purchasing power has seen a sixpoint increase. Public trust in local economic conditions has risen by 20%, while distrust has significantly declined, indicating a more positive economic environment.

Key Highlights from the Ipsos Survey

Lowest inflation in three and a half years.
positive patterns in the stock market of Pakistan.
Quadrupled public confidence in the economy since September 2023.
In the Global Consumer Confidence Index, Turkey has fallen behind.
Increased job security and household purchasing power.
20% rise in public trust in local economic conditions.

Conclusion: A Brighter Economic Future

The Ipsos Global Consumer Confidence Index serves as a vital indicator of consumers' economic conditions and investment potential. The latest survey results reflect growing optimism and stability in Pakistan's economic trajectory. As inflation continues to decline and public confidence rises, Pakistan is poised for a brighter and more stable economic future.