Pakistan stands at an economic crossroads, with early stabilisation, a renewed sense of optimism, and a business environment that is beginning to tilt towards growth. After a period of turbulence and uncertainty, the country is witnessing a much-needed shift in sentiment, as captured by the latest Business Confidence Index — Wave 27, released by the Overseas Investors Chamber of Commerce and Industry (OICCI).

The rise in confidence, particularly among foreign investors, is not fleeting. It is a cautiously optimistic response to visible improvements in key economic and governance indicators and reflects a growing belief that Pakistan may be turning the corner towards macroeconomic normalisation, policy consistency, and long-term resilience.

Encouragingly, sentiment across key sectors, particularly manufacturing and retail, has rebounded, supported by improvements in new orders, employment expectations, and investment intentions. Businesses are beginning to look beyond survival and are starting to plan for future growth — a shift that is gradually being backed by capital investment plans.

While the recently achieved macroeconomic stabilisation provides a necessary foundation, it alone is not enough. The real challenge lies in converting this momentum into broad-based, inclusive, and sustainable growth, anchored in a credible and cohesive economic recovery execution roadmap. There are no shortcuts. Structural reforms remain the only viable path forward.

The overall positive business sentiment must be harnessed through a disciplined approach to ensure lasting national growth

Tax reform must be fast-tracked: expanding the base,........

© Dawn Business