P&G exits Pakistan | The Express Tribune
Key Takeaways
- Procter & Gamble (P&G) is exiting direct manufacturing and commercial operations in Pakistan.
- The company will transition to a third-party distribution model to continue serving Pakistani consumers.
- The exit includes Gillette Pakistan Ltd, which will also be delisted from the PSX.
- The decision is part of P&G's global strategy to accelerate growth and value creation.
- P&G's immediate focus is on its employees, offering relocation or separation packages.
Global consumer goods giant Procter & Gamble (P&G) has declared it will cease its direct manufacturing and commercial activities in Pakistan, encompassing Gillette Pakistan Ltd, in a strategic move toward a third-party distribution model. This decision, announced on Thursday, is framed as part of P&G's worldwide efforts aimed at accelerating growth and enhancing value creation for the company. P&G confirmed that it will wind down its local operations but ensure continued service to consumers through its other regional facilities. The transition process is set to begin immediately and is expected to span several months, with the company prioritizing its workforce during this period. Impacted employees will be evaluated for roles in other P&G operations outside Pakistan or provided with separation packages compliant with local regulations. Concurrently, the board of Gillette Pakistan endorsed the exit and approved plans for the company to be delisted from the Pakistan Stock Exchange (PSX).
