Finance Minister Welcomes Rising Consumer Confidence

Finance Minister Muhammad Aurangzeb on Sunday welcomed the findings of the IPSOS Consumer Confidence Survey for the second quarter of 2025, describing it as a strong affirmation of improving economic outlook and public sentiment nationwide.

The survey’s results show a significant surge in consumer confidence, with 42% of Pakistanis now believing the country is heading in the right direction—the highest level recorded in six years. Perceptions of the economy being strong have also reached their most favorable levels since August 2019. Additionally, optimism has overtaken pessimism for the first time since consumer confidence tracking began, marking a key psychological shift among the population.

In his statement, Aurangzeb said the data reflects the success of the government’s disciplined and targeted macroeconomic strategy implemented over the last 14 months. He said the stabilization of key economic indicators such as inflation, currency exchange rate, foreign exchange reserves, and improved fiscal discipline had laid the foundation for renewed public trust and economic recovery.

The minister also highlighted that consumer confidence in making major purchases and investments has doubled compared to the same period last year, suggesting greater security among households in their financial prospects. Similarly, confidence in job security is now at its highest level since 2019, a sign that labor market conditions are gradually stabilizing in response to pro-growth policies and reforms.

Aurangzeb emphasized that the rising confidence spans both urban and rural areas, and is particularly evident among youth and women, demonstrating the broad-based nature of the economic turnaround. He attributed the optimism to sustained government efforts to create an enabling environment for private sector growth, boost exports, enhance social protection, and encourage financial inclusion.

The finance minister reaffirmed that the government remains committed to maintaining macroeconomic stability, accelerating structural reforms, and ensuring economic growth translates into real and inclusive progress for all citizens.

The findings of the IPSOS survey, he said, are a timely validation of Pakistan’s economic direction and a clear signal that the country is on a steady path toward recovery and resilience.