NewKerala.com

125 Foreign Firms Exit Pakistan by Jan 2026, Including ExxonMobil, Panasonic

Pakistan's corporate regulator has released a list of 125 foreign companies that have formally ceased operations in the country as of January 2026. The list includes major international firms such as ExxonMobil, Panasonic, and Lufthansa across diverse sectors like energy, technology, and banking. Companies from numerous countries including the US, UK, UAE, and China have wound up their branch or liaison offices. The SECP has not provided specific reasons for the closures, which mark a significant reduction in foreign corporate presence.

Key Points: 125 Overseas Companies Exit Pakistan: SECP List

  • 125 foreign companies formally closed operations
  • Includes firms from US, UK, UAE, China, and others
  • Well-known names like ExxonMobil and Panasonic on list
  • Exits span energy, tech, banking, and manufacturing sectors
2 min read

125 overseas companies exit Pakistan by Jan 2026: SECP data

SECP data shows 125 foreign firms, including ExxonMobil and Panasonic, have formally ceased operations in Pakistan as of January 2026.

"The development highlights a significant shift in the foreign corporate footprint in the country - Pakistan Observer report"

New Delhi, Feb 21

Pakistan's top corporate regulator, the Securities and Exchange Commission of Pakistan, has released a list of 125 foreign companies that have stopped operating in the country as of January 20, 2026.

According to the SECP, these include branch and liaison offices of international firms that have formally closed their operations in major cities such as Karachi, Lahore, Islamabad and Peshawar.

The companies were working across different sectors of the economy -- reflecting a wide foreign business presence in Pakistan before their shutdown, as per Pakistan Observer report.

The list shows that companies from many countries have exited Pakistan. These include firms from the United States, the United Kingdom, the United Arab Emirates, China, Malaysia, Singapore, Japan, Turkiye, Australia, Sweden, Bahrain, Canada, France and the Netherlands, among others.

Several well-known global names are part of the list. Energy giant ExxonMobil's subsidiary, ExxonMobil Exploration and Production Pakistan B.V., has ceased operations.

Electronics major Panasonic Corporation and airline company Lufthansa German Airlines AG are also among those that have closed their offices.

Technology and telecom-related companies such as Dell Global B.V., Nortel Networks (Asia) Ltd and Telcordia Technologies, Inc. have also wound up their presence.

Companies linked to the oil and gas sector, engineering and construction, banking, insurance, consulting and manufacturing are included as well, the report said.

These range from Halliburton Limited and Doosan Heavy Industries and Construction Co., Limited to Mashreq Bank and T.C. Ziraat Bankasi A.S. Some international non-profit and trade organisations, including the American Soybean Associations and Peace Winds Japan, are also on the list.

The SECP clarified that these companies had officially completed the legal process required to close their branch or liaison offices in Pakistan.

The development highlights a significant shift in the foreign corporate footprint in the country, though the regulator has not provided specific reasons behind the closures, the report stated.

- IANS

Share this article:

Reader Comments

S
Sarah B
As someone who works in the tech sector, seeing Dell and Nortel on that list is significant. It shows a brain drain of not just capital, but also technology and expertise. This will have a long-term impact on their IT ecosystem. Contrast this with the growth we're seeing in Bengaluru and Hyderabad.
P
Priya S
Very sad for the common people of Pakistan. When companies leave, jobs are lost and families suffer. We should have empathy. It's not about politics, it's about human beings struggling to make ends meet. Hope the situation improves for them soon. 🙏
R
Rohit P
China is also on the exit list? That's interesting. Even their "all-weather friend" is pulling back business. This is a serious economic red flag. Meanwhile, FDI in India is hitting new records. Our policies are working, but we must not become complacent.
A
Ananya R
The exit of non-profits like Peace Winds Japan is especially telling. It suggests a deteriorating environment for humanitarian and development work. This news is a sobering reminder of how crucial economic and political stability is for a nation's progress.
K
Karthik V
With respect, I think some comments here are leaning towards schadenfreude. We should analyse this objectively as an economic case study. What specific factors—security, forex crisis, policy unpredictability—drove this exodus? Understanding that can help India avoid similar pitfalls.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50