Gillette Pakistan Limited announced on Thursday that its parent company Procter & Gamble (P&G) will exit Pakistan as part of a global restructuring plan.
The company informed the Pakistan Stock Exchange (PSX) that P&G has decided to discontinue its operations in the country. Gillette Pakistan Limited will soon call a Board of Directors meeting to decide on the next steps, which may include delisting from the PSX in line with regulatory requirements.
P&G, an American consumer goods giant founded in 1837, owns popular brands such as Pampers, Tide, Gillette, and Head & Shoulders. The company said it will wind down its manufacturing and commercial activities in Pakistan and instead rely on third-party distributors to serve customers in the market.
“We have decided to shift our business and operating model in Pakistan and transition to a third-party distributor model,” P&G said in a statement. “This means we will wind down the manufacturing and commercial activities of P&G Pakistan and Gillette Pakistan Ltd. and serve consumers from our other operations in the region.”
P&G added that it will continue business as usual until the process ends, which could take several months. The company also confirmed that it will support employees during the transition, offering opportunities abroad or separation packages in line with local laws and company policies.
In June, P&G announced plans to cut 7,000 jobs worldwide, representing about 15 percent of its non-manufacturing workforce, as part of its restructuring program. Executives also signaled plans to exit certain categories, brands, and products in selected markets.
The development adds to a growing list of multinational companies leaving Pakistan. Ride-hailing platform Careem suspended its services in July, citing economic challenges and competition. Around the same time, Microsoft also shut down its operations in the country.
According to Bloomberg, between 2021 and 2024, more than 55 funded startups in Pakistan either closed or pivoted their businesses drastically.