Though the considerably underreported phenomenon of capital flight — the exodus of intellectuals and skilled professionals as well as MNCs from the country, alongside the relocation of domestic investment away from it — has persisted for decades, the past three years have accelerated this exodus. The recent announcement of Procter & Gamble — one of the world's largest consumer goods companies — exiting from Pakistan has prompted a few much-needed editorial and op-ed pieces in national dailies.

While most pieces have highlighted the issue of capital flight, they have taken a shallow view, citing economic factors such as currency depreciation, global restructuring challenges and political instability as deterrents to investment and factors behind the inhospitable investment environment. Wha

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