Business
Philip Morris (Pakistan) to delist from PSX | The Express Tribune
KARACHI:
Following the exit of Procter & Gamble (P&G), another multinational company has decided to delist its shares from the Pakistan Stock Exchange (PSX). According to an official notice from PSX, Philip Morris (Pakistan) Limited has announced the delisting of it shares from the stock exchange.
According to the administration’s notice, the exchange has formally approved the delisting of Philip Morris (Pakistan) Limited. Consequently, the company’s shares will be withdrawn from trading on the PSX effective October 6, 2025.
The notice further stated that the company’s sponsors have offered a buyback at Rs1,300 per share, which will remain valid until September 29, 2026. The stock exchange has advised shareholders to contact Topline Securities Limited for matters related to the buyback process.
In connection with the delisting, the Pakistan Stock Exchange has also issued notifications to the Central Depository Company (CDC) and the National Clearing Company of Pakistan Limited (NCCPL).