Karachi: Philip Morris (Pakistan) Limited has announced its decision to delist from the Pakistan Stock Exchange (PSX), following an observed unusual movement in the price and volume of its shares. According to the letter dated April 17, 2025, the decision was made by the Company’s board of directors on March 25, 2025, and officially communicated to the PSX on March 26, 2025.

The announcement comes amid notable fluctuations in the Company's shares during an unspecified preceding period. According to information available from the Pakistan Stock Exchange (PSX), the decision to delist has been confirmed, with the Company maintaining transparency by acknowledging there is no additional material or price-sensitive information beyond what has been made public.

The Company has assured compliance with all applicable legal requirements and has requested that the TRE Certificate Holders of the Exchange be informed accordingly. The market category designated for the Company will be affected by this decision, marking a significant move in the Company's operational strategy on the PSX.

Philip Morris (Pakistan) Limited has emphasized its commitment to adhering to regulatory standards while navigating this transition. The move to delist is expected to have implications for investors and stakeholders, as the Company steps away from publicly traded status on the national exchange.