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Tag: Philip Morris

philip morris pakistan

Philip Morris highlights tobacco sector challenges in Pakistan

May 7, 2026May 7, 2026Faisal Shahnawaz

ISLAMABAD, May 7, 2026 — Representatives of Philip Morris International raised concerns over illicit cigarette trade, weak enforcement, and regulatory gaps during a meeting with Pakistan’s Commerce Minister Jam Kamal Khan on Thursday.

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Philip Morris Pakistan

Philip Morris Pakistan Denies Irregular Share Price Activity

April 21, 2025April 21, 2025Shahnawaz Akhter

Karachi, April 21, 2025 – Philip Morris (Pakistan) Limited has issued a formal response to the Pakistan Stock Exchange (PSX), denying any unusual or unexplained movement in the trading price or volume of its shares. The clarification came after PSX issued a notice regarding significant fluctuations observed in the company’s stock over recent sessions.

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Philip Morris Pakistan

PSX Probes Philip Morris Over Share Price Spike

April 18, 2025April 18, 2025Shahnawaz Akhter

Karachi, April 18, 2025 – The Pakistan Stock Exchange (PSX) has formally issued a notice to Philip Morris (Pakistan) Limited, seeking clarification regarding an unusual movement observed in the company’s share price over the recent trading sessions.

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Philip Morris Pakistan

Philip Morris Pakistan Reports 77.5% Surge in Turnover for CY24

April 3, 2025April 3, 2025Shahnawaz Akhter

Karachi, April 3, 2025 – Philip Morris (Pakistan) Limited has reported an exceptional 77.5% increase in turnover for the fiscal year ending December 31, 2024.

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Philip Morris Pakistan

Philip Morris Pakistan Calls for Stern Action Against Tax Evasion

April 17, 2024April 17, 2024Shahnawaz Akhter

Islamabad, April 17, 2024 – Philip Morris Pakistan Limited (PMPKL) has sounded the alarm on the urgent need for immediate measures to combat the rising prevalence of low-priced, non-tax-paid cigarettes, citing a loss of fair competition and a significant decline in volumes within the legitimate tobacco sector.

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Philip Morris Pakistan

Philip Morris Pakistan and FBR Locked in Lengthy Legal Disputes

April 6, 2024April 6, 2024Shahnawaz Akhter

Philip Morris Pakistan Limited, a leading cigarette manufacturer in the country, has unveiled a complex web of litigations stretching across numerous years against tax authorities, which have resulted in substantial tax demands.

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Philip Morris Pakistan

Philip Morris Pakistan Faces 86% Decline in Income for 2023

March 25, 2024May 11, 2025Shahnawaz Akhter

Philip Morris (Pakistan) Limited, a prominent international tobacco company, has reported a staggering 86 percent decline in its total income for the fiscal year 2023.

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Philip Morris Sarfaraz Chairman

Philip Morris Pakistan Appoints Sarfaraz Ahmed Rehman as Board Chairman

November 7, 2023November 7, 2023Faisal Shahnawaz

Karachi, November 7, 2023 – In a strategic move to enhance its leadership team, Philip Morris Pakistan Limited (PMPKL) has officially named Sarfaraz Ahmed Rehman as the Chairman of the Board.

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Philip Morris Pakistan

Philip Morris Pakistan Faces 72% Profit Decline for 9MCY23

October 23, 2023October 23, 2023Faisal Shahnawaz

Karachi, October 23, 2023 – Philip Morris (Pakistan) Limited, a leading cigarette manufacturer, has reported a substantial 72 percent decline in profit for the first nine months of the calendar year 2023.

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Philip Morris Pakistan

Philip Morris Pakistan’s Profits Plummet by 76% in First Half of 2023

August 16, 2023August 16, 2023Shahnawaz Akhter

Karachi, August 16, 2023 – Philip Morris Pakistan Limited, an international company known for making cigarettes, has experienced a significant drop of 76 percent in its profits for the first half of this year, which ended on June 30, 2023.

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  • FBR waives late return surcharge for individuals filing special undertaking
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