New Delhi, Jan 25 (IANS) With exports stagnating and cost of doing business skyrocketing, Pakistan is going through an ‘investment emergency’ amid ad-hocism and a lack of transparency in policy affairs, a new report has revealed.According to the Federation of Pakistan Chambers of Commerce and Industry, the cost of doing business in Pakistan is 34 per cent higher than that of its neighbours and regional states.“This pushes the entire gamut of the economy on a slippery note as industries, entrep…
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New Delhi, Jan 17 (IANS) The admission by Pakistan Finance Minister Muhammad Aurangzeb that some multinational companies have left the country due to ‘high taxes and energy costs’ has proved that doing business there is becoming extremely difficult for global firms.Addressing the Pakistan Policy Dialogue, hosted by Policy Research and Advisory Council (PRAC), in Islamabad, he said there are firms that are leaving Pakistan, “which is true”, reports Pakistan Observer.“We must acknowledge if …
New Delhi, Jan 6 (IANS) Telenor Group has finally exit Pakistan, announcing the successful completion of the sale of Telenor Pakistan to Pakistan Telecommunication Company Limited (PTCL), as the atmosphere to do business becomes extremely difficulty in the country.Telenor Group said in a recent statement that when the sale was announced on December 14, 2023, Telenor Pakistan was valued at NOK 5.3 billion on a cash-and-debt-free basis.“The closing of the transaction confirms this valuation leve…