By Admin 365

Copyright dailytimes

KARACHI: Gillette Pakistan announced on Thursday it would evaluate a potential delisting from the Pakistan Stock Exchange following its parent company Procter & Gamble’s (P&G) decision to discontinue operations in the country under a global restructuring programme.

In a stock filing, the company said its board would soon meet to assess steps required for winding down the business, including possible delisting.

P&G separately confirmed that it will phase out its manufacturing and commercial activities in Pakistan, shifting to third-party distributors to serve local customers. “We will continue to operate the business in the ordinary course until the process is complete, which may take several months,” the company said in a statement.

It added that transition planning would begin immediately, with a priority on employees. Staff affected by the restructuring will be “considered for opportunities in other P&G operations outside Pakistan or offered separation packages” in line with local laws and company policies.

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The development drew sharp reactions from industry observers. Former president of the Institute of Chartered Accountants of Pakistan (ICAP) Asad Ali Shah termed P&G’s exit “another red flag for the investment climate.”

“Procter & Gamble’s decision to leave Pakistan underscores a deeper truth: doing business here has become increasingly unviable — not just for multinationals, but for investors of all kinds,” Shah said in a post on X, citing policy unpredictability, currency risks, and regulatory hurdles.

He added that the departure of such a global player reflected a growing perception that “Pakistan punishes investment instead of protecting it.”