Philip Morris Pakistan to Delist from Stock Market

Philip Morris Pakistan, a leading tobacco company in the country, has announced its decision to delist from the Pakistan Stock Exchange (PSX). The decision comes as part of the company's restructuring strategy, allowing it to focus more on its business operations without the pressure of public trading. Delisting means that Philip Morris Pakistan’s shares will no longer be available for trade on the stock market, and it will operate as a private company. The company has explained that its business model and financial structure are better suited for a private setup rather than a publicly listed one. Over the years, Philip Morris Pakistan has faced challenges in the stock market, including fluctuating share prices and strict regulatory requirements. By delisting, the company aims to streamline its operations and reduce costs associated with maintaining a public listing. For shareholders, this move means that they will have to sell their shares back to the company or find buyers p...