Karachi — Pakistanis are entering the new year with measured optimism about the country’s economic direction, though lingering concerns over political instability, jobs, and structural weaknesses continue to temper public confidence, a recent survey suggests.
According to the “Pakistan’s 2026 Outlook and Public Priorities” survey conducted by the Institute of Cost and Management Accountants of Pakistan (ICMA), nearly 57 per cent of respondents expect the economy to improve in 2026, while the remaining 43 per cent foresee stability rather than deterioration. The findings point to cautious hope rather than outright confidence among the public.
The survey shows that 29.3 per cent of respondents describe the economic outlook as promising, while 25 per cent anticipate growth driven by industry, exports, and domestic demand. However, optimism remains guarded, as only 2.6 per cent believe the economy is currently strong, underscoring the gap between expectations and present realities.
Political uncertainty emerged as the single largest concern, with 33.6 per cent identifying it as a major threat to economic recovery. Many respondents believe ongoing political discord could derail reform efforts and discourage both local and foreign investment. Youth unemployment, cited by 29.3 per cent, followed closely, highlighting fears that economic recovery may not translate into sufficient job creation for Pakistan’s young population.
While inflation has eased compared to previous years, it remains a worry for 26.7 per cent of respondents. However, the survey indicates a shift in public thinking, with more Pakistanis now focusing on long-term structural challenges such as weak institutions, inconsistent policies, and limited investment. Additionally, 10.3 per cent pointed to climate-related risks and extreme weather as emerging economic threats.
When asked about priorities for sustainable growth, 31 per cent of respondents stressed the need to abandon repeatedly failed economic policies, reflecting public frustration with short-term fixes. Another 28.4 per cent emphasised reducing political confrontation to ensure policy continuity and restore investor confidence. Meanwhile, 26.7 per cent called for lowering reliance on foreign loans, advocating stronger domestic revenue generation and export-led growth.
The survey also highlighted concerns over public service delivery, with 13.8 per cent urging improvements in education, healthcare, and governance to support long-term economic resilience.
Overall, the findings suggest that while Pakistanis are cautiously hopeful about economic improvement in 2026, expectations remain closely tied to political stability, governance reforms, and the government’s ability to deliver inclusive growth. The public mood reflects realism — hopeful, yet acutely aware that sustained recovery will require difficult decisions and consistent policies.
This story has been reported by PakTribune. All rights reserved.