Packages Limited (Urdu: پیکیجز لمیٹڈ), also known as Packages Group, is a Pakistani multinational packaging company with its head office based in Lahore, Pakistan.[3] The company was founded in 1956.[4] It is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The company also holds investments in many companies.
 | |
| Company type | Public |
|---|---|
| PSX: PKGS | |
| Industry | Packaging |
| Founded | 1956 |
| Headquarters | Lahore-54760, Pakistan |
Key people | Syed Hyder Ali (CEO)[1] |
| Products | Tissue paper, flexible packaging, folding cartons, paper & board and corrugated packaging |
| Revenue |  Rs. 156.972 billion (US$540 million) (2023) |
| Rs. 28.930 billion (US$100 million) (2023) | |
| Rs. 9.277 billion (US$32 million) (2023) | |
| Total assets | Rs. 234.820 billion (US$810 million) (2023) |
| Total equity | Rs. 96.387 billion (US$330 million) (2023) |
| Owner | IGI Investments (29.90%) Babar Ali Foundation (11.1%) Syed Hyder Ali (5.45%) |
Number of employees | 4,051 (2023) |
| Parent | IGI Group |
| Subsidiaries | Bulleh Shah Packaging (100%) Packages Convertors Limited (100%) StarchPack Limited (100%) Packages Lanka (79.07%) Packages Mall (75.16%) Tri-Pack Films Limited (69.26%) OmyaPack Limited (50%) Hoechst Pakistan (41.07%) IGI Holdings (10.54%) Nestle Pakistan (8.05%) |
| Website | packages |
| Footnotes / references Financials As of 31 December 2023[update] [2] | |
The company is listed on the Pakistan Stock Exchange.
History edit
Packages Limited was founded in 1956 as a joint venture between Ali Group of Pakistan and Akerlund & Rausing of Sweden.[4]
Companies edit
The group owns the following companies:[5]
- Packages Convertors Limited
- Bulleh Shah Packaging Pvt. Ltd
- Tri-Pack Films Limited
- DIC Pakistan Limited
- OmyaPack
- StarchPack
- Packages Lanka Pvt. Ltd. (Sri Lanka)
- Flexible Packages Convertors (South Africa)
- Chantler Packages (Canada)
- Packages Power
- Packages Mall
- IGl Holdings Limited
- IGI General Insurance Limited
- IGI Investments Pvt Limited
- IGl Life Insurance Limited
- IGI Securities
- IGI FSI
External links edit
References edit
- ^ https://www.bloomberg.com/profile/person/4755982
- ^ "Packages Limited Annual Report 2023" (PDF). Retrieved 20 May 2024.
- ^ "Big changes at Packages". Profit by Pakistan Today. 28 March 2021.
- ^ a b "Packages sells Tetra Pak shares for $115m". Dawn (newspaper). 14 March 2009. Retrieved 17 December 2018.
- ^ "Our Group - Packages Limited". packages.com.pk website. Retrieved 17 December 2018.
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