Brain drain, capital flight & MNCs exit

KARACHI:

Pakistan is facing a dangerous convergence of trends – the brain drain of skilled professionals, the exodus of multinational corporations, and local investors. What was once described as "temporary economic turbulence" has turned into a structural crisis. The roots of this malaise lie in over-taxation, policy inconsistency, and the state's growing dominance over private credit and enterprise.

Over the past few years, Pakistan's private sector – the real engine of growth and employment – has been pushed to the wall, while talented experienced professionals are seeking fair pay and stability abroad to avoid the burden of high tax rates. Major foreign companies have either sold their stakes or exited completely. Now, even domestic investors, manufacturers, tech entrepreneurs, and s