Citi Pharma clarifies social media reports on alleged Iraq expansion plans

MG News | October 16, 2025 at 02:25 PM GMT+05:00

0:00

October 16, 2025 (MLN): Citi Pharma Limited ( PSX:CPHL) has issued a formal clarification denying reports circulating on social media about its alleged plans to establish a new pharmaceutical manufacturing facility in Iraq.

The rumors stemmed from discussions held during its participation in the Iraq Expo, which were exploratory in nature. According to the statement, no formal decisions, agreements, or commitments have been made regarding any operations in the Iraqi market as of now, according to the company's statement issued today.

“The social media posts suggesting otherwise were inadvertently shared by different media platforms,” the company explained. It added that formal requests have been made to remove the inaccurate posts to prevent further misinformation.

Citi Pharma expressed regret over the delay in issuing this clarification, noting that it became aware of the misleading posts only recently.

The company reaffirmed its commitment to transparency and to ensuring that accurate information is disseminated to its shareholders and the general public in accordance with applicable regulations.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	164,444.72 1,390.47M	-0.75% -1241.66
ALLSHR	100,263.22 3,076.68M	-0.52% -522.58
KSE30	50,467.16 136.66M	-0.90% -456.01
KMI30	239,381.13 102.98M	-0.94% -2269.59
KMIALLSHR	66,143.45 1,531.56M	-0.67% -449.11
BKTi	46,609.98 59.41M	-0.86% -404.53
OGTi	32,245.33 12.94M	-0.42% -134.82

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,720.00	112,280.00 109,850.00	170.00 0.15%
BRENT CRUDE	62.31	62.75 62.06	0.40 0.65%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	93.00	93.00 92.50	1.95 2.14%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.66	59.11 58.45	0.39 0.67%
SUGAR #11 WORLD	15.83	15.87 15.67	0.14 0.89%