Some of the major companies that have left Pakistan in recent years include Shell, Pfizer Pakistan, TotalEnergies, Telenor ASA, Careem, Eli Lilly, and Viatris.
Pakistan’s economy is largely powered by micro and small enterprises. Out of approximately 72 lakh business establishments, 95 per cent employ fewer than 10 people.
Jawwad Rehman, Microsoft’s former country head in Pakistan, sees the company’s exit as a reflection of a deteriorating environment for foreign businesses.
A sectoral note by the US credit rating agency says continued tensions may hinder Pakistan's access to foreign funds, putting pressure on its ability to meet external debt payment needs.
Pakistani economists have welcomed the government's decision to fully open the economy to foreign competition by reducing average import tariffs to 7.1% over five years.
36 serving military officers are part of Special Investment Facilitation Council (SIFC), a federal body for economic reforms. These officers draw their salaries from defense budget.
Ikramul Haq, a visiting senior fellow at a think tank, said that the plan’s limited grounding in Pakistan’s existing economic and political landscape risks rendering it another unfulfilled promise.
Pakistan's Punjab govt has tabled legislation that could see rates as high as 45%. Agricultural income tax hikes among measures prescribed to raise revenue under $7bn IMF bailout deal.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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