News India Live, Digital Desk: Victim of Financial Crisis in Pakistan: Financial difficulties are not being named for Pakistan. Ever since the country has heard a serious call of economic crisis, foreign companies continue to turn from here. Now another big and important news has given Pakistan another blow – a worldwide veteran company, which had established its successful business in Pakistan for the last 25 years, has suddenly left Pakistan by incorporating all its commercial activities.
According to sources, many reasons are being given behind this international company leaving Pakistan, but the most important reason is the country’s staggering economy, rising inflation, skyrocketing taxes and constantly getting worse for foreign companies. The companies were not only finding it difficult to earn profits here, but the cost of continuing its operation was also increasing, due to which the deficit was constantly increasing. When the conditions deteriorated so much that the earnings started to be spent and no one was disturbed, then the company had no other way but to take its steps from Pakistan.
It is not just about the departure of a company; This is a big message for those potential international investors who are thinking of doing business in Pakistan. In such circumstances when an established company withdraws its investment after nearly two and a half decades, it throws negative lights on Pakistan’s economy on the global platform. Experts are seeing this as a sign of Pakistan’s declining economy and increasing negativity towards investment.
If Pakistan does not soon take serious steps towards attracting foreign investment and creating a favorable environment for the companies present, then it may face more such bad news in the coming time. This incident also shows that no country can expect long -term foreign investment without a stable and beneficial business environment, even though it spent no matter how much time it has spent there.
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