125 Foreign Companies Exit Pakistan, Shattering Apple Phone Dreams

• 125 foreign companies formally ceased operations in Pakistan by January 20, as confirmed by the Securities and Exchange Commission of Pakistan (SECP).
• Companies from the US, UK, UAE, China, Japan, and other nations are on the list, including major players like ExxonMobil, Panasonic, Lufthansa, and Dell.
• These firms operated as branch and liaison offices in major cities like Karachi, Lahore, Islamabad, and Peshawar, spanning various sectors.
• The SECP stated all companies completed legal procedures for closure, but did not disclose specific reasons.
• Experts attribute the exodus to economic instability, currency devaluation, energy crisis, political uncertainty, and a poor investment climate.