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Panadol manufacturer Haleon contributes Rs. 27 billion to Pakistan’s economy

Islamabad: Haleon Pakistan CEO and General Manager Qawi Naseer on Thursday said the consumer healthcare company was proud to have contributed Rs. 27 billion to Pakistan’s economy in 2024, sustained 6,600 jobs, and ensured that “nearly every household in the country” had access to its trusted products.

He stressed that Haleon’s growth was closely linked to government reforms around deregulation, investment facilitation, and an improving business climate.

“The Oxford Economics study findings affirm our belief that business performance must go hand-in-hand with national value creation,” Naseer said at the launch of Haleon’s Economic Impact Study (EIS) at the British High Commission in Islamabad.

“Most of our products are manufactured locally, many are exported, and we are investing heavily in preventive healthcare education, biodegradable packaging, water and energy conservation. We are proud to support Pakistan’s economy through high-impact employment, local procurement and long-term partnerships across the value chain.”

The independent study, conducted by Oxford Economics, showed that Haleon directly added Rs. 11 billion to GDP, employed 572 people, and paid Rs. 5.1 billion in taxes and levies in 2024. Its Rs. 17 billion procurement spending generated another Rs. 13 billion GDP contribution and supported 4,400 jobs, while induced wage spending created Rs. 3.5 billion in GDP and 1,600 additional jobs. For every 10 people directly employed by Haleon, another 106 jobs were supported across the wider economy.

Federal Minister for Investment Qaiser Ahmed Sheikh said Haleon’s achievements were an example of how government policies on deregulation and investment facilitation were bearing fruit.

“Pakistan is open for business. Repatriation of profits is easy, the Board of Investment is facilitating businessmen, law and order has improved, and special economic zones have been established. Multinationals like Haleon are showing how investment can support national progress,” he remarked.

Minister of State for Finance Bilal Azhar Kayani described the study as a “timely and important intervention,” calling it “a powerful, data-driven narrative of what responsible multinational engagement in Pakistan can look like.”

British High Commissioner Jane Marriott said Haleon’s presence in Pakistan was a “strong example of how British businesses are going beyond commerce by investing in communities, strengthening local manufacturing, and supporting national supply chains.”

The report launch, attended by senior diplomats, industry leaders, UNICEF representatives and Telenor CEO Fridtjof Rusten, underscored how multinationals can align global expertise with national development priorities.

Haleon, which operates five sites across Pakistan including a major manufacturing facility in Jamshoro and sales offices in Karachi, Lahore, Multan and Islamabad, remains a leading player in the country’s healthcare sector.

Known for brands like Panadol, Sensodyne, Centrum, Parodontax and CaC-1000 Plus, the company said it would continue investing in preventive care, sustainability, and local manufacturing to strengthen Pakistan’s economic resilience.

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