In a significant corporate development, Philip Morris (Pakistan) Limited has officially announced its decision to delist from the Pakistan Stock Exchange (PSX). The move follows the recent exit of other multinational giants like Procter & Gamble (P&G), signaling a continued shift in the landscape of multinational participation in Pakistan’s stock market.
According to an official notice issued by PSX, the exchange has formally approved the delisting request of Philip Morris (Pakistan) Limited. While the company has yet to release detailed reasoning behind the decision, analysts suggest that challenges such as regulatory complexities, declining investor confidence, and operational hurdles could be contributing factors.
The delisting marks another notable exit from PSX, raising questions about the broader investment climate and the attractiveness of Pakistan’s market for global corporations.
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