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Surge in consumer confidence sign of economic recovery: Aurangzeb

June 1, 2025
in Business & Finance
Surge in consumer confidence sign of economic recovery: Aurangzeb
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Finance Minister Senator Muhammad Aurangzeb on Sunday welcomed the findings of the IPSOS Consumer Confidence Survey for Q2 2025, describing the results as a “strong affirmation” of Pakistan’s improving economic trajectory and growing public trust in the government’s economic policies.

According to the survey, 42 percent of respondents believe Pakistan is moving in the right direction, the highest level recorded in six years, while perceptions of economic strength have reached their most positive levels since August 2019.

For the first time since IPSOS began tracking consumer sentiment, optimism has surpassed pessimism, marking what the minister called a “key psychological shift” among the population.

“This encouraging data is a reflection of our disciplined and targeted macroeconomic strategy over the past 14 months,” Aurangzeb said in a statement. “We have focused on stabilizing inflation, strengthening the exchange rate, rebuilding foreign reserves, and improving fiscal discipline.”

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He said consumer confidence in making major purchases and investments has doubled compared to the same period last year, suggesting households are gaining financial security.

Additionally, job security sentiment is now at its highest since 2019, he added, attributing the trend to the government’s pro-growth reforms.

The finance minister also pointed out that the upswing in sentiment is visible across both urban and rural regions, with marked improvements seen among women and youth, an indication of what he termed a “broad-based economic turnaround.”

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He credited the improved outlook to the government’s efforts to foster private sector growth, enhance exports, expand social safety nets, and promote financial inclusion.

Aurangzeb reiterated the government’s commitment to sustaining macroeconomic stability and accelerating structural reforms.

“The IPSOS survey results are a timely validation of our economic direction and a clear signal that Pakistan is on the path to recovery and resilience,” he added.

Tags: Consumer behaviorEconomic SurveyIPSOS
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