Multinational companies are thinking about moving their offices out of Pakistan, and some have already started, according to the Pakistan Business Council (PBC). The main reason is that internet problems are making it difficult for these businesses to work effectively in the country.
The Dubai Chamber of Commerce shows the report that almost 4,000 Pakistani companies registered in Dubai between January and June 2024, marking a 17% increase from the same time in 2023. Additionally, the trend highlights the challenges Pakistan is facing, like high unemployment and a slow economy. Many skilled workers have already left, and millions more are seeking jobs abroad.
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PBC pointed out that internet issues in Pakistan are creating big challenges for companies, especially those in the technology sector that depend on fast and stable internet. Furthermore, recent slowdowns could cost Pakistan up to 0 million. The council urged the government to address these problems to protect jobs and exports.
the Overseas Investors Chamber of Commerce and Industry (OICCI) warned that these internet issues could damage Pakistan’s economic growth. Software Houses Association in Pakistan emphasized that these disruptions are a serious threat to the industry, causing huge financial losses.
