Friday, May 15 2026

P&G to sell Port Qasim manufacturing assets to Colgate-Palmolive
Colgate-Palmolive (Pakistan) Limited (COLG) plans to acquire land, a manufacturing facility, and related assets at Port Qasim, Karachi, from Procter & Gamble (Pakistan) Limited. The listed FMCG disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “This is to inform you that the Board of Directors of Colgate-Palmolive (Pakistan) Limited has approved to negotiate and enter into an asset purchase agreement with Procter & Gamble (Pakistan) Limited for the acquisition of land, manufacturing facility and assets located at Port Qasim, Karachi,” read the notice. The transaction will remain subject to the execution of the asset purchase agreement, regulatory approvals and completion of all necessary formalities, it added.
Related news categories: business economic-indicators misc personal-care psx stock-exchanges
Related symbols: colg (news stock)

Friday, April 24 2026

Nestlé Pakistan delivers healthy growth in Q1 2026
Nestlé Pakistan net sales for the three-month period ended March 31, 2026, amounted to PKR 54 billion, representing a healthy growth of 7.2 percent, said the results announced at a meeting of the Board of Directors. The sales performance was driven by accelerated investment behind the brands, and targeted trade executions, capitalizing on Ramazan and Eid occasions, the meeting was informed which was held at the Company’s Head Office in Lahore. An improved top-line, tighter overheads controls and value chain optimization initiatives have led to an improvement in gross and operating profit margins by 8.8 percent and 7.1percent, respectively, as compared to the same period of the prior year, said a spokesman while releasing the figures.
Related news categories: business economic-indicators misc personal-care psx stock-exchanges
Related symbols: nestle (news stock)