It’s not all doom and gloom in corporate sector

KARACHI: Contrary to frequent closures of local businesses, Pakistan witnessed a higher arrival of foreign companies than those leaving the country in one and a half years.

Several notifications were sent to the Pakistan Stock Exchange informing the stakeholders about the closure or downsizing of the companies from textile to steel, leather and other sectors during this period.

However, the sold-out foreign companies (or stakes) were bought by other foreign firms during this period...