Pakistan Industries News / Updates

[SoulSpokesman]

@mythbuster

It need not even be anything unethical. Local companies often are quicker in introducing products of local relevance; have leaner cost structures as they don't keep too many heavyweight managers etc

Regards

 

[hydrabadi_arab]

I thought there was an IMF directive against providing subsidies?

Its not “subsidy”. Rate will only apply to additional electricity usage. Pakistan pay Rs16/unit capacity charges so may as well sell idle capacity for Rs23/unit.

 

[Mighty_Dragon_Strike]

lie


shifted loss on KE consumers!

sorry for telling the truth!

on paper these measure collectively paint a very nice picture!

but, after 6 months will only yield adverse effects!

 

[shanipisces2002]

lets wait and see honestly speaking it won't give any benefits to the local community of Pakistan

 

[313Ghazi]

Great more subsidies! What more could a country with a debt problem need.

 

[Meengla]

As long as the CAD, fiscal deficit and debt levels stay within stipulated target, IMF wouldn't.

Regards

Right.
And as for Tariffs on India: I thought Indian textiles would be affected but maybe I was wrong.
Textiles are big in Pakistan's exports and any advantage the Tariffs on other countries may provide should help Pakistan.

 

[Respect4Respect]

the never ending news of third class management by this form 47 gov....


pathetic

they are worse than indian pilots

Don't worry friend, Pakistan will leap seven decades ahead in a single day after recognizing the Zionist entity. The regime change, TLP crackdown, and passport redesign aren't happening randomly, all the puzzle pieces are finally coming together.

 

[SoulSpokesman]

@Meengla sb

We do export textiles to USA and they will be impacted by tariffs if they remain at 50%. But we are not a big player and even if we are knocked out you will have other serious competitors like BD, VIET and PRC.

Regards

 

[LC150]

Leaving means they closed their business and are on their way back home, taking all the investments and closing all the infrastructure and manufacturing. this is simply just an acquisition nothing more to it.

no need to make everything sensational, specially when you have 0 knowledge about economics.

and you know as much as my chair.


people are leaving as they cant make money in badly a management economy loaded with crooks and kangaroo courts.

keep watching PTV...

 

[Mighty_Dragon_Strike]

Another Multi-National Company Set to Exit Pakistan​

By Business Desk | Published Oct 22, 2025 | 11:03 am

IGI Investments (Private) Limited, a wholly owned subsidiary of IGI Holdings Limited, has received in-principle approval from its board to evaluate the potential acquisition of up to 100% of Akzo Nobel Pakistan Limited, according to a notice filed with the Pakistan Stock Exchange on Wednesday.

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The development comes as Akzo Nobel NV has decided to exit the Pakistan market, paving the way for a complete divestment of its local operations.

The board authorized management to conduct due diligence and assess the purchase of up to 98.3% of Akzo Nobel Pakistan’s shares from ICI Omicron B.V., a wholly owned subsidiary of Akzo Nobel NV, and up to 1.7% from minority shareholders.


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“The proposed transaction will be carried out subject to the results of satisfactory due diligence, finalization of the transaction structure, negotiation of purchase price with the substantial shareholder, execution of a definitive agreement, and compliance with applicable laws and regulatory approvals,” IGI Holdings said in the statement.

Akzo Nobel Pakistan, part of the global Akzo Nobel Group, is a leading player in the country’s paints and coatings industry, with its head office in Lahore and operations nationwide.

The company focuses on delivering sustainable and innovative solutions across various sectors.

nothing new, have been winding down since 2020!

 

[LC150]

These multinationals are getting fierce competition from local companies who can do figure fudging and other unethical deeds to enhance profits..... MNCs don't do illegal things to cut the cost down.

true

but the bigger picture Pakistan's middle class is actually declining and poverty rising especially in the last 3 years..


this is the point these fools dont get.

 

[MS Sandhu]

Being a former employee of AkzoNobel (formerly ICI) , let me assure you this has nothing to do with Pakistani government or economy.
AkzoNobel is facing set back globally.Their competitors like Nippon,PPG and Sherwin Williams are growing rapidly in both volumes and profit.
While AkzoNobel is almost stagnant in volume growth however they have some growth in profits by organizational restructure i.e downsizing.
Their initial plan was to terminate almost 2000 FTEs.
Now AkzoNobel is concluding its business from across the South Asia
They are already out of India ( sold out to JSW - only retained their Research Centre and Powder Coating Business)
In Pakistan, our Deco business had failed to grow due to tough competition from Local players and Nippon.
However in coatings, we were only second to Nippon

Now ,Packages Group ( IGI Holdings) is interested to acquire 100% shares of AkzoNobel Pakistan.

 

[SilentWatch]

Strategic market exit by a western company, to what will be a Gulf/Pak aquisition - Can be an oppurtitunity to build a more pakistan centric company if sized.

 

[Toxic]

true

but the bigger picture Pakistan's middle class is actually declining and poverty rising especially in the last 3 years..


this is the point these fools dont get.

Pakistani middle class is basically dead, for example 3-4 years ago a alto costed 18-20 lakhs nowadays the same car costs nearly 33 lakhs meaning prices have nearly doubled for what was considered the "Middle class car" That no actual middle class person can afford.

 

[Goenitz]

If something is profitable, nobody sells it. The exiting company might have sold it for crumbs to Gulf companies. Politicians and other corrupt bureaucrats might be shareholders in these companies. Or Guld companies have special access in Pakistan for any problem, and side money to appease our corrupt leaders.

Anyway, if it is a good thing, the government should celebrate it.