Karachi: Philip Morris (Pakistan) Limited is set to be delisted from the Pakistan Stock Exchange (PSX) following the acceptance of its voluntary delisting request. The decision, effective from Monday, October 6, 2025, was made under the powers granted by PSX Regulation No.5.14 and Section 19(5) of the Securities Act 2015.

The move allows for the buyback of shares by the company's sponsors, offering shareholders the opportunity to sell their shares at PKR 1,300 per share. The purchase offer is managed by Topline Securities Limited, serving as the designated purchase agent for this transaction. This buyback offer is available until September 29, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the prescribed timelines for this buyback process began with the initial buyback period running from August 1, 2025, to September 29, 2025. The delisting requirements were completed on September 30, 2025, paving the way for the delisting date set for October 6, 2025.

The designated market category for this transaction is the voluntary delisting of a company, which allows Philip Morris (Pakistan) Limited to exit the exchange while providing an exit strategy for its minority shareholders. This initiative ensures the purchase of remaining shares up to the specified date in 2026, thereby facilitating a structured transition for all stakeholders involved.