ISLAMABAD: The inflation and present condition of economy have affected the buying power of Pakistanis.
The people are complaining about dwindling power to purchase daily-use items, houses and cars. They are also finding themselves unable to save money for future. This was revealed in a three-month report of IPSOS Consumer Confidence Survey 2022. More than 1,000 people participated in the survey carried out during September 7 and September 12.
The latest survey reports 6 percent increase in the people who talked about difficulties in purchasing daily-use commodities in the previous survey. The percentage now stands at 95. The percentage of people who find no difficulty has dropped to 5 percent from 11 percent.
Similarly, the percentage of people who are not so confident in making big purchases like a car or a house has increased to 95 from 91. The percentage of people who can easily make such purchases has decreased from 4 percent to 5 percent. In the survey, 93 percent say saving is not possible and are unable to make any investment. Seven percent, however, say they can do that.
DUBAI: The United Arab Emirates said Friday it is launching a new $30 billion private investment fund focused on...
ISLAMABAD: Prime Minister Anwaar-ul-Haq Kakar on Friday visited the Pakistan Pavilion at COP28 in the UAE, emphasizing...
LONDON: Train drivers belonging to Britain´s Aslef union on Friday voted to continue strike action for the next six...
Although 9,284 people have so far tested positive for HIV throughout Pakistan in the first 11 months of the current year
Privatisation Commission Board has okayed the consortium led by Jones Lang LaSalle Americas Inc as financial adviser...
Pakistan’s inflation rate accelerated to 29.2% in November 2023, up from 26.9 percent the previous month, dashing...