Report examines exits and operational shifts of MNCs, says Pakistan’s business environment is at turning point |
ISLAMABAD: A research report prepared by the Institute of Cost and Management Accountants of Pakistan (ICMAP) examines the exits and operational shifts of multinational companies and observes that the country’s business environment is at a turning point.
Exits and downsizing reflect rising costs and policy uncertainty. While the growing use of digital and asset-digital models points to new ways to stay competitive, says the report ‘Diagnosis of Multinational Exits from Pakistan’.
According to the report, MNCs face both opportunities and challenges. The country’s large market and strategic location offer strong growth potential, but rising costs, unpredictable regulations, and weak infrastructure make operations difficult. These domestic issues, along with global business shifts, are pushing many MNCs to restructure, scale down, or even exit the........