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Stop Saying Treet Beat Gillette: What P&G’s Pakistan Exit Actually Means

P&G’s Pakistan exit was neither proof of collapse nor a local FMCG victory. The real story is global restructuring colliding with Pakistani business friction.

P&G and Gillette Pakistan business restructuring illustrated through closed corporate operations, imported FMCG supply chains and local distribution

FAQ: Was Gillette Pakistan profitable before the decision?

Gillette Pakistan’s PSX summary shows a PKR 101.2 million profit after tax in 2024 followed by a PKR 25.95 million loss in 2025. Its performance was volatile rather than a simple uninterrupted collapse.

FAQ: Are all MNC “exits” from Pakistan the same?

No. Sanofi transferred control to a Pakistani consortium, Shell sold its stake to Wafi Energy, Telenor was acquired by PTCL, TotalEnergies sold its stake to Gunvor, Microsoft moved away from a local-office model, while Careem actually suspended its Pakistan ride-hailing service.

FAQ: Is local ownership automatically good for Pakistan?

No. Local ownership creates an opportunity. The national benefit ultimately depends on reinvestment, local manufacturing, technology, employment, exports and competitive quality. Ownership nationality alone is not an industrial policy.

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