60% Businessmen Feels Things Heading in Wrong Direction In Pakistan: Gallup Survey

A recent Gallup survey found that 60 percent of business people in the country feel that things go the wrong way.

The Gallup survey of 433 entrepreneurs from different regions of the country showed that the world was not moving in the right direction.

When asked about the country ‘ s direction, 60% of businesses felt that the country was heading in the wrong direction, while 37% believed that the direction was right and three% did not answer.

When speaking to business owners, “What problem do you think affects your company the most in the following?” There were 49% who said that their companies had the greatest impact on the declining economy.

14% said that non-cooperative government had the greatest impact, and 9% said that effective staff could not be available. Six percent stated that it was a lack of money and 5 percent stated that law and order were the major problems for their enterprise. This question was not answered by twelve percent of respondents.

Are Businessmen are hopefull?

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 opined 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 the 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 their business.

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.

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