Pakistan’s economy is in deep crisis these days, and it is directly impacting foreign investment. Recently, MFCG sector legendary company Proctor & Gamble (P&G) has announced to cover its business from Pakistan. The company clarified that the economic and political atmosphere there is no longer suitable for business. Business activities are being severely affected due to the reasons such as foreign exchange crisis, high tax, political instability and rising inflation. Before P&G, big companies like Microsoft, Yamaha, Telenor, Shell, Total Energies, and PFIZER have also closed their manufacturing and operations in Pakistan. Going out of these companies has affected investment, employment, technical transfer and business confident in the country. This shock is no less than a warning for a GDP Pakistani economy with a GDP of about 36 lakh crores. If the situation does not improve, then more companies can leave the country in the coming days.
P&G has broken business in Pakistan, trust of Foreign Companies? Paisa Live | P & g shuts down business in Pakistan; Foreign Companies Losing Confidence?
