Lots of countries offer incentives to foreign investors. Tax incentives, offsetting losses against tax, tax concessions on plant and equipment import etc are some of the incentives being offered by our competitor countries. Those countries are even offering better law and order situation and safety of investment. Incentives range from 5- 10 years.
These concerns are wrong. Local manufacturers have to keep up with time and innovate. We can not drive CD70 copies for another 5 decades. Whinging, whining has become a national past time. When India stopped imports, their local industry developed brands like Bajaj & Tata. So the trade off paid them. What has the local industry given us? Copy right infringed CD78s? Pak hero, metro, super asia, road prince and united?
This is exact same thing which auto industry was doing in Pakistan. Whenever there were talks for a new brand investing in country, old brands would throw in brief cases of cash to authorities, some similar lame excuse would be made and masses would be denied of quality products. Tell me 1 innovative product these brands introduced in Pakistan in the past 2 decades? At best what they did was put Chinese self starters and funny looking rims. No offense, their presence did put some pressure on Honda and Suzuki, public did benefit a little. But sorry, no one can milk this narrative.
By that definition, every foreign investment has destroyed Pakistan! And has made people jobless!
