Karachi, October 3, 2025 – The Pakistan Stock Exchange (PSX) has formally announced the delisting of Philip Morris (Pakistan), one of the leading cigarette manufacturers in the country.
This decision comes after the company submitted a voluntary delisting request, which was accepted by the Exchange under the powers granted by PSX Regulation No. 5.14 and Section 19(5) of the Securities Act 2015. The delisting will take effect from Monday, October 6, 2025.
Shareholders of Philip Morris (Pakistan) who wish to sell their holdings can participate in the buyback program facilitated by Topline Securities Limited. The Purchase Agent and Company Sponsor have committed to purchasing the remaining shares held by minority shareholders at a fixed price of PKR 1,300 per share. This buyback offer remains valid until September 29, 2026.
The timeline for the transaction is as follows: the initial buyback period ran from August 1, 2025, to September 29, 2025; the voluntary delisting requirements were completed on September 30, 2025; and the official delisting from PSX will occur on October 6, 2025.
The delisting of Philip Morris (Pakistan) highlights ongoing trends in the Pakistan stock market, where companies are increasingly exploring voluntary delisting to restructure operations or optimize shareholder value. Market experts note that such moves can impact Pakistan’s equity market liquidity and influence investor strategies. The PSX will continue to monitor trading activities closely to ensure smooth transitions and maintain confidence among investors across Pakistan.