Philip Morris (Pakistan) Limited is the second-largest cigarette manufacturer in Pakistan. It is an affiliate of the Philip Morris International Inc (PMI). The firm is listed on the Pakistan Stock Exchange (PSX) under the moniker, PMPKL. PMI made its entry into the Pakistani market after it acquired a local tobacco firm, Lakson Tobacco, back in 2007. Philip Morris Investments B.V. (incorporated in Netherlands) is PMPKL's holding company, with a 77.65 percent stake. Philip Morris Brands SARL is the associate company, which holds 20 percent shares of PMPKL. The firm's overall shareholding pattern is provided in the illustration.