In a significant blow to Pakistan’s corporate sector, Gillette Pakistan Limited confirmed that its parent company Procter & Gamble (P&G) will end business operations in Pakistan as part of a global restructuring strategy.
The announcement, shared with the Pakistan Stock Exchange (PSX), stated that P&G’s plan includes portfolio, supply chain, and organizational changes aimed at enhancing growth and global value. Gillette Pakistan’s board of directors will soon meet to decide next steps, which may include delisting from PSX.
P&G clarified that its manufacturing and commercial activities in Pakistan will gradually cease, while products will still be supplied via third-party distributors. The process could take several months, during which regular business operations will continue. Employees affected by the closure will be offered opportunities in other P&G global operations or receive severance packages in accordance with local labor laws.
This exit comes amid P&G’s global plan to cut 7,000 jobs over the next two years and follows a trend of multinational companies downsizing in Pakistan, including Careem and Microsoft.
KP Finance Advisor Mazammil Aslam highlighted that inconsistent policies are deterring foreign investment, with foreign investors pulling over $248 million since January 2025, despite record stock market gains.
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