The other side of the multinational exit story
As some long-established companies leave, new players enter, lured by signs of economic recovery and growth It is also likely to impose an income tax on companies suffering mixed losses. PHOTO: NASDAQ Islamabad: “All happy families are the same; every unhappy family is unhappy in its own way.” Leo Tolstoy Procter & Gamble’s exit from Pakistan has reignited the debate over the country’s business climate. Many see it as part of a wider trend of multinational companies exiting amid growing economic challenges. Analysts have pointed to high corporate taxes, restrictions on profit repatriation and a cumbersome regulatory environment as key
