After Procter & Gamble’s exit, another multinational company, Philip Morris Pakistan Limited, has announced its decision to delist from the Pakistan Stock Exchange. The PSX has officially approved the move, which will take effect on October 6, 2025.
This means Philip Morris shares will no longer be available for trading on the exchange after that date. The company’s sponsors have offered a buyback price of Rs1,300 per share, valid until September 29, 2026.
Shareholders have been advised to contact Topline Securities Limited for details and assistance with the buyback process. Meanwhile, the PSX has informed the Central Depository Company (CDC) and the National Clearing Company of Pakistan Limited (NCCPL) to facilitate the delisting smoothly.
The move reflects a growing trend of multinational firms pulling back from Pakistan’s stock market. With rising economic uncertainty and investment challenges, this decision raises fresh concerns about foreign investor confidence in the country’s financial landscape.
