KCCI Business Sentiment Survey

Recently, KCCI Research published a report KCCI: Karachi Business Sentiment Survey Report
In the report titled Karachi Business Sentiment Survey Report KCCI in its relentless efforts to serve the business community of the metropolis launched its first ‘Karachi Business Sentiment Survey’ on 1st Jan’20 and concluded collection of response on 15th Mar’20. A total of 1,103 manufacturers, service providers and traders from diverse sectors filled the survey. Majority of the responders experienced at least some friction in business activities with general pessimism prevailing in nearly all sectors. These businesses are also skeptical on growth prospects in 2020 which is worrying since the Coronavirus Pandemic is likely to have further dampened the situation. Rupee depreciation, unprecedented rise in utility costs and Pakistan’s outdated tax system clogged with anomalies and complexities were said to be the biggest challenges for businesses. Nearly half of the responders claimed to have laid off workers in 2019.


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