Financial Worries of Pakistanis
3 in 5 (or 61%) Pakistanis rated their current financial situation as weak: Ipsos Consumer Confidence Index Survey.
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From September 7 to 12, 2022, 1,086 Pakistanis were asked to complete a survey, which considered factors such as future outlook, the current state of the economy, job security, financial position, and unemployment.
The survey (conducted by Ipsos) results came when Pakistan’s economy is going through a crisis owing to persistent uncertainty due to recent floods and amid a decline in foreign exchange reserves. Moreover, the recent increase in commodity prices has also lifted inflation to historically high levels.
According to the results of the survey, an overwhelming majority, 77% of Pakistanis, foresaw the economy of their localities to worsen in the near future. Another 61% considered their financial status to be weak, while 93% had no hopes about investing their money in the near future.
Find out what an average Pakistani is most worried about these days, according to 'Ipsos' survey results! (check graphic of the day).
GRAPHIC OF THE DAY
What is most worrying for Pakistanis according to Ipsos Consumer Confidence Index Survey? Inflation, unemployment, and then floods
INSTAGRAM POSTS
REER Index August 2022 — www.instagram.com
⚫ The REER Index stood at 94.3 in August 2022 compared to 93.2 during July 2022, increasing by 1.2%
⚫ The REER Index appreciated to 94.3 in August compared to 93.2 in July, owing to higher inflation in Pakistan compared to trading partners
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SBP's forex reserves decreased by 4% week-on-week — www.instagram.com
⚫ The country’s total foreign exchange reserves decreased to USD 13.7 billion, depicting a decrease of USD 308 million or 2.2% week-on-week mainly due to external debt and other payments
⚫ The current level of foreign exchange reserves is critical and barely enough to cover 1 month of import bill
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TWEET
What Else We’re Reading
Pakistan Floods: can the country recover from climate disaster? (Al Jazeerah)
'The country is broken': Pakistan climate minister urges justice (Nikkei Asia)
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