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Colgate-Palmolive Signs Deal to Acquire P&G's Industrial Land and Manufacturing Facility at Karachi's Port Qasim
By Mariam Khan
Real Estate Analyst
3 min read
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By Mariam Khan
Real Estate Analyst
3 min read
Colgate-Palmolive Pakistan has signed an asset purchase agreement with Procter & Gamble Pakistan to acquire industrial land, a manufacturing facility and related assets at Port Qasim in Karachi. The agreement was signed on October 28, 2026, according to the company's disclosure to the Pakistan Stock Exchange. The transaction is subject to approval from the Competition Commission of Pakistan. The purchase price and the exact land area were not disclosed.
The agreement covers industrial land, a manufacturing facility and related assets at Port Qasim. The disclosure does not list the related assets, so we do not describe them. Colgate-Palmolive was reported earlier in 2026 to be negotiating the acquisition, and the signing is the next step in that process.
The deal needs the Competition Commission's approval before it can be completed. The reports we have seen do not say when the commission will decide or whether it will ask for conditions. The agreement is therefore signed but not yet completed.
The price, land area, completion date and the number of staff or contracts affected were not disclosed. The reports also do not say how Colgate-Palmolive plans to use the facility. The reports link the sale to P&G's decision to wind down direct manufacturing in Pakistan, but we have not seen P&G's own statement, so we treat that as reported.
The agreement is a significant industrial property transaction involving an established manufacturing site in Karachi. It could support the continued productive use of existing industrial infrastructure. It also shows that established facilities in port-linked locations draw buyers. The agreement does not establish an increase in industrial property prices, and it does not confirm that manufacturing will expand. The reports give no price, so we cannot compare it with other industrial land.
Investors and industrial tenants should not treat the deal as a price signal, since the terms are not public. Those looking for industrial space at Port Qasim can follow the Port Qasim Authority's and the company's notices. The signals to watch are the Competition Commission's decision, completion of the sale, any disclosure of the price and the new owner's plans for the site.
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