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Colgate-Palmolive Pakistan has signed a deal to acquire P&G’s Port Qasim facility in Karachi, with completion awaiting regulatory approval.
Colgate-Palmolive (Pakistan) Limited has signed an agreement to purchase Procter & Gamble (P&G) Pakistan’s land, manufacturing facility and associated assets at Port Qasim in Karachi. According to a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, October 28, 2026, the agreement formalizes a proposed acquisition previously disclosed in May.
The transaction remains subject to approval from the Competition Commission of Pakistan (CCP), meaning the acquisition cannot be considered complete until the regulatory requirement is fulfilled. The deal marks another development in P&G’s withdrawal from direct business operations in Pakistan.
P&G announced plans last year to discontinue its local manufacturing and commercial activities through P&G Pakistan and Gillette Pakistan Limited. Under the restructuring, the company shifted towards a third-party distribution model to continue supplying Pakistani consumers through its other regional operations.
The decision formed part of P&G’s wider global restructuring strategy, which aimed to improve growth and value creation. The multinational also outlined plans to eliminate 7,000 non-manufacturing positions worldwide and withdraw from selected product categories and brands in certain markets.
In May 2026, P&G Pakistan disclosed its intention to sell the Port Qasim property and related assets to Colgate-Palmolive Pakistan as part of the planned closure of its local operations. The asset purchase agreement signed on October 28 represents a further step towards completing that transaction, pending regulatory approval.
Colgate-Palmolive Pakistan has operated in the country for decades, having been incorporated as National Detergents Limited on December 5, 1977. The company adopted its current name on March 28, 1990, following a participation agreement with Colgate-Palmolive Company in the United States.
The company manufactures and sells detergents, personal care products and other related goods. Acquiring the Karachi facility would add a manufacturing site to its existing operations, although the agreement’s completion remains dependent on clearance from the competition regulator.
