Philip Morris Pakistan to 'Voluntarily Delist' from PSX on October 6

MG News | October 03, 2025 at 10:39 AM GMT+05:00

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October 03, 2025 (MLN): The Pakistan Stock Exchange (PSX) has approved the voluntary delisting of Philip Morris (Pakistan) Limited, effective Monday, October 6, 2025, according to an official notice issued by the exchange.

The move came after the company completed all necessary delisting requirements by September 30, 2025.

Under the arrangement, the company’s sponsors, through Topline Securities Limited as the purchase agent, will buy back shares from minority shareholders for PKR 1,300 per share.

The buyback offer remains valid until September 29, 2026, giving shareholders a full year to tender their holdings. The initial buyback period ran from August 1 to September 29, 2025, ahead of the delisting approval.

Philip Morris, one of the leading players in Pakistan’s tobacco industry, has now formally exited the exchange’s listings, marking a significant development for both its investors and the broader market.

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