KARACHI: Pakistan on Sunday reaffirmed its commitment to macroeconomic stability after Ipsos, a Paris-based global market research and consultation firm, said consumer confidence grew in the South Asian country in the second quarter of this year.

The Ipsos survey revealed 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 reached their most favorable levels since August 2019, and optimism overtook pessimism that marked a key psychological shift among the population, according to the survey.

Pakistan’s Finance Minister Muhammad Aurangzeb said the “encouraging” data reflected the success of his government’s disciplined and targeted macroeconomic strategy implemented over the last 14 months.

“He highlighted that consumer confidence in making major purchases and investments has doubled compared to the same period last year, indicating that households are beginning to feel more secure in their financial prospects. Similarly, confidence in job security is now at its highest since 2019, a sign that

labor market conditions are gradually stabilizing in response to pro-growth policies and reforms,” the finance ministry said.

“Senator Aurangzeb reaffirmed that the government remains committed to maintaining macroeconomic stability, accelerating structural reforms, and ensuring that economic growth translates into real and inclusive progress for all citizens.”

The development comes amid stabilization of key economic indicators, including inflation, exchange rate, foreign exchange reserves and fiscal discipline, that has led a renewed public trust in Pakistan, which is currently on path to economic recovery under a $7 billion International Monetary Fund (IMF) program secured in Sept. last year.

Aurangzeb pointed out that this upswing in consumer confidence spans across urban and rural areas, and is particularly evident among youth and women, demonstrating the broad-based nature of the economic turnaround.

He linked this optimism to sustained government efforts to create an enabling environment to enhance private sector growth, exports, social protection and financial inclusion.

“The findings of the IPSOS survey 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,” the minister said.

ISLAMABAD: Prime Minister Shehbaz Sharif has stressed the need to ensure a trickle-down effect of his government’s developmental initiatives in the southwestern Balochistan province, Sharif’s office said on Sunday, amid a surge in militant attacks in the region.

Balochistan, Pakistan’s largest but most impoverished province, has been the site of a long-running insurgency that has intensified in recent months, with separatist militants attacking security forces, government officials and installations and people from other provinces who they see as “outsiders.”

The Pakistani government says it has launched several development schemes relating to infrastructure, health and education for some 15 million people of Balochistan, which is also home to deep seaport being built by China, gold, copper and coal mines, and has a long coast on the Arabian Sea.

Speaking to tribal elders during his visit to the provincial capital of Quetta, PM Sharif highlighted the series of developmental programs undertaken by his government for the prosperity of Balochistan and called on officials to ensure that their benefits reach the people of the southwestern Pakistani province.

“He praised the people of Balochistan for their historic role in safeguarding national unity and urged them to remain vigilant against foreign-backed subversion and sabotage orchestrated and sponsored by India,” Sharif’s office said.

“The jirga [council of tribal elders] concluded with a unanimous pledge from tribal elders to stand shoulder to shoulder with the Government of Pakistan and armed forces, reaffirming their commitment to the security, stability and development of Balochistan.”

Pakistan and India often accuse each other of supporting militancy. Islamabad blames India of backing the separatist insurgency in Balochistan as well as religiously motivated militant groups, like the Pakistani Taliban, in Khyber Pakhtunkhwa. India denies the allegations.

Sharif announced that Balochistan will receive 25 percent share from the Public Sector Development Program (PSDP), which funds infrastructure, energy, education and other long-term projects, in the upcoming budget.

“I think that PSDP will be of Rs1,000 billion [in the next budget],” he told the gathering. “So, out of this [amount], a fund of approximately Rs250 billion is for Balochistan alone. That is, 25 percent of the total federal PSDP for Balochistan.”

Addressing the challenge of militancy in the province, Sharif called for engagement at the grassroots level to ensure that militants find no social space.

“This was crucial for the success of counter terrorism efforts and for the long-term peace and stability,” he said.

On the occasion, Field Marshal Asim Munir, who accompanied the prime minister to Balochistan, emphasized that Pakistan’s army was fully alert and prepared to respond decisively to any threat.

“Peace in Balochistan is non-negotiable and that the future of Pakistan is directly linked to a stable, prosperous Balochistan,” he was quoted as saying by Sharif’s office.

Sharif also visited the military’s Command and Staff College in Quetta and addressed student officers and faculty, reflecting his government’s commitment to strengthening Pakistan’s defense institutions amidst evolving regional and internal security dynamics.

“The prime minister highlighted the critical importance of professional excellence, operational readiness, and strategic foresight in the face of emerging and hybrid threats, especially in sensitive regions like Balochistan,” Sharif’s office said.