Pakistan's economy is in dire straits as confidence of investors is getting shaky. The exit of several multinational companies from Pakistan is a case in point, driving home a serious concern over future prospects of a consumer-driven economy. This phase of economic drain has incidentally come on the heels of euphoria where macroeconomic indicators are showing progress, and the country's economic management is lauded by international donors and credit agencies.
The fact that the giants like Careem, P&G, Shell, Telenor, Merck, Johnson & Johnson, Pfizer and Lotte Chemicals have signed off shows the exit spans several sectors of the economy. It is not that these international conglomerates were not making profit, but it is the ingrained hurdles in the body-politic of our domestic mosaic that