Intel has reportedly shut down its offices in Pakistan as part of company’s global business plan to focus on lucrative market while cutting costs from different countries. The company’s move to shut down its offices across the country comes at a time when the economy of Pakistan is improving and moving towards stability.
Reports cite that the chipmaker giant is now focusing more on Cloud Computing as compared to hardware. It is also reported that Intel is winding up its business in Bangladesh and Sri Lanka as well. Fortunately, the company plans to retain its operations in the country through channel business partners and vendor.
Intel recently closed its head office in Karachi along with other representative offices in different cities. Further, Intel has laid off many employees in Pakistan where a few selected has been moved to other regional offices in countries like Singapore and Malaysia.
It is also reported that Intel’s country manager, Naveed Siraj, quits to join Dell EMC as it country manager for Pakistan and Afghanistan. Also, Intel’s marketing manager, Asma Aziz, has been shifted to Singapore office recently.
It wouldn’t be wrong to say that Intel as a company is moving towards new horizons as the company can be seen moving past the smartphone’s chip phase. The company is reportedly focusing on the fifth generation wireless communication service.
Even though Intel is exiting Pakistan industry, but the good news is that it will still work on several projects related to Intel International Science and Emerging Fair. In any case, Intel’s move to exit Pakistan is quite surprising since many other foreign companies are rushing to start their operation in Pakistan.