Karachi, Packages Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,900 shares @ Rs. 350.00 per share were bought from the market on March 21, 2019, 100 shares @ Rs. 347.00 per share were bought from the market on March 21, 2019 and 100 shares @ Rs. 349.00 per share were bought from the market on March 21, 2019 through CDC.
Packages Limited is a public limited company incorporated in
Pakistan. The company is principally engaged in the manufacture and sale of
paper, paperboard, packaging materials and tissue products. The stocks of the
company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of
Pakistan. The registered office of the company is located in Karachi.
On September 17, 2012 the company has entered into a 50/50 joint venture with
the ‘Stora Enso OYJ Group’ of Finland in its 100% wholly owned subsidiary
Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper
& Paperboard and Corrugated business operations at Kasur and Karachi and
will involve initial equity participation of Stora Enso of 35% by way of
subscription of right shares with a commitment to increase the shareholding to
50% at a later stage subject to certain conditions being met. The company also
decided to close down its Paper and Paperboard operations in Lahore which has
divided the business into continuing and discontinued operations.
The symbol “PKGS” is being used by the stock exchanges for the shares of
Packages Limited.
