Colgate Palmolive Pakistan Limited has announced plans to acquire land, manufacturing facilities, and other assets from Procter and Gamble Pakistan Limited in a major development within Pakistan’s fast-moving consumer goods sector.
According to a disclosure submitted to the Pakistan Stock Exchange, the company’s board of directors approved negotiations and entry into an Asset Purchase Agreement with Procter and Gamble Pakistan during a meeting held on May 14, 2026. The proposed acquisition relates to assets located at Port Qasim in Karachi.
The company stated that the transaction remains subject to execution of the final Asset Purchase Agreement, regulatory approvals, and completion of required formalities. Financial details of the proposed acquisition were not disclosed in the filing.
The development comes at a time when multinational consumer goods companies operating in Pakistan are increasingly reassessing manufacturing footprints and Port Qasim remains one of Pakistan’s key industrial and logistics hubs.
Colgate Palmolive Pakistan is one of the country’s leading oral care and personal care manufacturers, while Procter and Gamble Pakistan operates across multiple household and consumer product categories.
The development follows Procter and Gamble’s decision last year to wind down its manufacturing and commercial operations in Pakistan as part of a global restructuring strategy. The multinational company announced plans to shift toward a third-party distributor model while continuing to serve Pakistani consumers through regional operations.
P&G had operated in Pakistan since 1991 and established a major manufacturing footprint at Port Qasim over the years, including production facilities for brands such as Ariel, Pampers, Pantene, and Head and Shoulders. The company had also invested more than $50 million in expanding its Port Qasim operations in 2019.
