The economy of Pakistan is heading towards stability.

According to the fourth-quarter survey of the Ipsos Global Consumer Confidence Index, Pakistan’s economy has improved over the past 12 months.

Improved consumer purchasing power, greater optimism, and improved economic stability were all reported by the survey nationwide.

As per the poll, the stock market in Pakistan saw a spectacular upswing, with the 100 Index rising 1,254 points and closing at 110,151 points.

An important accomplishment in the nation’s financial industry was this growth.

According to the report, the percentage of people who believe that the nation’s economic situation is good has increased fourfold since September 2023. 2024 saw the lowest level of inflation in three and a half years, which increased public confidence even more.

A total of 19% of respondents expressed optimism about the local economy, and the same proportion predicted that things would get better over the next six months.

In a sign of its economic development, Pakistan overtook Turkey for the first time in two years in the global consumer confidence index.

A comeback from its peak in September 2023 was demonstrated by the 9% decline in the impression of weak economic conditions.

The overall outlook was brightened by a six-point increase in household purchasing power and a continuous stabilisation of job security confidence.