P&G to end operations in Pakistan

Gillette Pakistan Limited has announced that its parent company, Procter & Gamble (P&G), has decided to close its business in Pakistan.

In a notice issued by the company to the Pakistan Stock Exchange (PSX) on Thursday, it said that “Gillette Company LLC has informed Gillette Pakistan Limited and its Board of Directors that Procter & Gamble has decided to close its business in Pakistan as part of its global restructuring policy, which includes portfolio, supply chain, and organizational changes to enhance growth and value”.

Gillette Pakistan Limited added that a meeting of the Board of Directors will be convened soon to review the steps to be taken following this business decision, including a possible delisting from the Pakistan Stock Exchange.

P&G, an American global consumer goods company known for brands such as Pampers, Tide, Gillette, and Head & Shoulders, said in a separate statement that it would cease its manufacturing and commercial activities in Pakistan and that products would be supplied to consumers through third-party distributors.

The statement said, “We will gradually close our manufacturing and commercial activities in Pakistan and provide services to consumers from other operations in the region”.

According to the company, this process could continue for several months, and during this time, business will continue as usual.

P&G added that after this decision, the focus will be on the transfer of employees and their future. Efforts will be made to provide opportunities in other global operations of the company or a severance package in accordance with local laws.

It is worth noting that in June, P&G announced that it would cut 7,000 jobs over the next two years as part of its global restructuring, which accounts for about 15 percent of its non-manufacturing staff.

This development comes at a time when several large foreign companies have closed their operations in Pakistan in recent months. In July, ride-hailing company Careem shut down its services in Pakistan, while Microsoft also announced the closure of all its operations.

In this regard, Khyber Pakhtunkhwa Finance Advisor Muzammil Aslam has said that the lack of continuity in policies is continuously harming Pakistan. According to him, the period after April 2022 has proven to be the most detrimental for foreign investment in Pakistan, and during this time, many old global companies have left the country.

Muzammil Aslam stated that despite the record index increase in the stock market, foreign investors are not interested. Since January 2025 alone, foreign investors have withdrawn more than US$248 million, which shows how unattractive the Pakistani market is becoming.