New Delhi, 6 October (IANS). Pauper Pakistan seems to be shocking. Big companies are leaving Pakistan with their business. According to a report, there is increasing concern in Islamabad about the exit of big multinational companies from Pakistan. Corruption, terrorism and regulatory obstacles have made it difficult for these companies to work in the country.
A report by Pakistan Media Dawn also mentions the leaving the country of multinational companies. Explain that Pakistan is the fifth most populous country in the world. More than 24 crore people live here, yet these companies are leaving the country.
Legendary tech company Microsoft covered its shop in Pakistan a month ago. After this, Proctor and Gambal also left Pakistan in Yamaha and then recently updates. Apart from this, shell (exiting retail fuel under global inclination towards LNG), Uber and Fizer also called Pakistan Tata by-bye.
The main reason for this is widespread concerns such as economic instability, uncontrolled inflation, currency devaluation, policy chaos and safety related issues. According to the major global financial expert Yusuf Nazar, the main reason for this is the assessment of the long -term capacity of the market.
Analysts say that some companies going out are part of global strategies. Some companies may transfer to regional centers like Dubai or Singapore for better economic scale. These decisions still reflect the “no -confidence motion” in Pakistan’s business environment, where heavy taxes reduce profits and obstruct the return of profits.
Experts suggest that this trend involves a change of ownership rather than directly migration, including Saudi Aramco, Ganvor Group and Barrical Gold (investment of $ 9 billion in mining) to fill new entry intervals.
– IANS
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