KARACHI: For some time now, it has been propagandized that foreign companies are winding up their business from Pakistan and foreign capital is withdrawing, but fact-check facts tell the opposite story.
According to Fact Check, the number of foreign companies starting business in Pakistan during the last 18 months has been significantly higher than the number of companies closing their business.
According to the details, the joint research of Arif Habib Limited CEO Shahid Ali Habib and Research Head Tahir Abbas titled “Pakistani Economy: Withdrawal of Foreign Investment is a Myth, Not Reality” shows that foreign investment Inflow is more than withdrawal.
According to the research, during the last 18 months, 11 foreign companies have withdrawn from Pakistan, or have planned to withdraw, while 16 foreign companies are ready to replace them. Not only is it misinformation but it is completely contrary to the facts while the future of foreign investment is bright.
Similarly, with many global investors interested in energy, mining, refineries, corporate farming and exploration, foreign investment will pick up once Pakistan’s macroeconomic indicators improve.
It should be noted that the foreign investment in the fiscal year was 1.9 billion dollars with an increase of 17%, which was 1.6 billion dollars during the fiscal year 23, with China as the largest foreign investor with an investment of 568 million dollars. While Hong Kong is second with $359 million, the largest investment is in the power sector with $800 million, followed by exploration with $304 million.
