View source for Philip Morris Pakistan

{{Infobox company
| name = Philip Morris Pakistan
| logo = 
| logo_size = 
| image = 
| image_caption =
| type = Public
| traded_as = {{karse|PMPK}}
| key_people = 
| foundation = {{start date and age|1969}}<ref>{{Cite web|url=http://www.dawn.com/news/236640|title=PMI takes over Lakson Tobacco|date=March 10, 2007|website=DAWN.COM}}</ref>
| industry = [[Tobacco industry|Tobacco]]
| products = [[Cigarettes]]
| revenue =
| num_employees =  
| location_city    = [[Karachi]]
| location_country = [[Pakistan]]
| parent   = [[Philip Morris International]]
| homepage = {{url|https://www.pmi.com/markets/pakistan/en/about-us/overview}}
}}

'''Philip Morris Pakistan''' is a Pakistani tobacco manufacturing company which is a subsidiary of [[Philip Morris International]]. It is headquartered in [[Karachi]], Pakistan. The company is involved in the manufacturing and sale of cigarettes and tobacco products.<ref name="auto">{{Cite web|url=https://fp.brecorder.com/2019/04/20190411463081/|title=Philip Morris (Pakistan) Limited – Business Recorder}}</ref>

It is the second-largest tobacco company in Pakistan after [[Pakistan Tobacco Company]].<ref>{{Cite web|url=http://www.dawn.com/news/228717|title=PMI buys 50.21pc stakes in Lakson: Rs20.62 billion deal|first=Shahid|last=Iqbal|date=January 20, 2007|website=DAWN.COM}}</ref>
==History==
The company was founded in 1969 as Lakson Tobacco.<ref name="auto"/>

In 2007, Philip Morris International acquired the company by increasing its shareholding to 97 percent.<ref>{{Cite news|url=https://www.reuters.com/article/businesspro-pakistan-morris-dc-idUSISL13794220070309|title=Philip Morris acquires Pakistan's Lakson Tobacco|newspaper=Reuters |date=March 9, 2007|via=www.reuters.com}}</ref>

In 2015, the company shut down its plant in Mandra, [[Rawalpindi District]] due to rising costs and smuggling of tobacco in Pakistan.<ref>{{Cite web|url=https://nation.com.pk/17-Feb-2015/philip-morris-shuts-cigarette-production-unit-in-pindi|title=Philip Morris shuts cigarette production unit in Pindi|date=February 17, 2015|website=The Nation}}</ref> 141 employees lost their jobs.<ref>{{Cite web|url=https://nation.com.pk/23-Nov-2015/after-closing-plant-philip-morris-now-fires-141-employees|title=After closing plant Philip Morris now fires 141 employees|date=November 23, 2015|website=The Nation}}</ref>

In 2019, the company announced that they are shutting down Kotri plant in order to restructure their finances.<ref name="auto1">{{Cite web|url=https://www.thenews.com.pk/print/439758-philip-morris-shuts-down-tobacco-manufacturing-facility|title=Philip Morris shuts down tobacco manufacturing facility|website=www.thenews.com.pk}}</ref> As a result, 193 employees lost their job.<ref name="auto1"/>

==Factories==
In the past, the company operated in more than five locations, but to due smuggling and rising cost it shut down in three locations.<ref>{{Cite web|url=http://www.dawn.com/news/297241|title=Philip Morris investment blows up in smoke|first=Dilawar|last=Hussain|date=April 9, 2008|website=DAWN.COM}}</ref> The company currently operates two factories in following cities:
* [[Sahiwal]]<ref name="auto1"/>
* [[Mardan]]<ref name="auto1"/>

==See also==
* [[Tobacco industry in Pakistan]]

==References==
{{reflist}}

{{KSE 100}}

{{DEFAULTSORT:Philip Morris Pakistan}}
[[Category:Philip Morris International]]
[[Category:Manufacturing companies established in 1969]]
[[Category:Companies listed on the Pakistan Stock Exchange]]
[[Category:Sahiwal]]
[[Category:Tobacco companies of Pakistan]]
[[Category:Pakistani subsidiaries of foreign companies]]
[[Category:Manufacturing companies based in Karachi]]
[[Category:Pakistani companies established in 1969]]

{{Pakistan-company-stub}}