This article was last updated on April 16, 2022
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It has been speculated since long that industries are moving out of Pakistan due to on going electricity crisis. The recent rumours were that businesses are leaving Karachi because of extortion mafias and on going violence and targeted killings.
In a recent report at PakWheels, it is note Pak Suzuki, the leading automobile assembler in Pakistan, is working on moving out its assembly plant to Bangladesh due to loadshedding and security issues.
Pak Suzuki exports Ravi pick up and Liana to Bangladesh along with several other components and Bangladesh. Given its recent reputation as being stable, a lot of other companies are also considering to move to Bangladesh, Sri Lanka and other countries as they provide security and electricity.
Industrial production has remained suspended for more than 30 days in 2011 so far at the Korangi Industrial Zone due to strikes and protests therefore; local industrialists are forced to move out their businesses.
If this news is true, it can cause a major blow to already trembling economy of Pakistan as lots of jobs will be lost in the process. Also if Pak Suzuki moves out, many others can follow suit.
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I think it could a piece of old news. Now Pakistani government has cut down on taxes on cars, in order to give a boost to the automobile industry in Pakistan. Please write an article on this topic as well.