Packages Limited

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Packages Limited
IndustryPackaging
Founded1956
HeadquartersLahore, Pakistan
ProductsRose Petal, Flexible and Carton Packaging
RevenueIncrease Rs.64.9 Billions
OwnerSyed Babar Ali
Number of employees
over 2000[1]
Websitewww.packages.com.pk

Packages Limited (پیکیجز لمیٹڈ) is a Pakistani multinational packaging company based in Lahore, Pakistan.[2] The company was founded in 1956.[3] It is known for their tissue brand, Rose Petal.

The company is listed on the Pakistan Stock Exchange.

History[]

Packages Limited was founded in 1956 as a joint venture between the Wazir Ali Group and Swedish companies Akerlund and Rausing of which 73 percent shares were owned by Wazir Ali Group.[3]

The company is owned by Syed Babar Ali. It's the flagship company of Syed Babar Ali Group of Companies.[4]

Companies[]

The group owns following companies:[5]

  • Coca-Cola Bottling Plant in Lahore
  • Milkpak
  • Packages Mall
  • Packages Lanka Pvt. Limited
  • Tri-Pack Films Limited
  • IGI General Insurance Limited[4]
  • IGl Holdings Limited
  • IGI Investments Pvt Limited
  • IGl Life Insurance Limited
  • OMYA
  • Flexible Packaging Converters
  • DIC Pakistan Limited
  • Treet Corporation
  • Tullo Cooking Oil

Education[]

  • Ali Institute of Education

Revenue[]

In first quarter of 2016, company announced revenue of Rs1.8bn[6] which showed 22 percent growth from the previous year.[7]

Incidents[]

On 10 November 2011, fire broke out at the factory turning a huge amount of Packaging paper, paper roll and manufactured tissue paper into ashes. Reportedly the fire erupted in the tissue-manufacturing area. Then it spread to the packaging and storage sections.[8]

References[]

  1. ^ "Company Profile - Packages Limited". packages.com.pk website, Retrieved 17 December 2018.
  2. ^ "Big changes at Packages". Profit by Pakistan Today. 28 March 2021.
  3. ^ a b "Packages sells Tetra Pak shares for $115m". Dawn (newspaper). 14 March 2009. Retrieved 17 December 2018.
  4. ^ a b Our Equities Correspondent (6 May 2014). "Packages Limited to expand into real estate". Dawn (newspaper). Retrieved 17 December 2018.
  5. ^ "Our Group - Packages Limited". packages.com.pk website. Retrieved 17 December 2018.
  6. ^ Our Equities Correspondent 2 (22 April 2016). "ICI, FFBL, Abbott, Packages Ltd announce results". Dawn (newspaper). Retrieved 17 December 2018.
  7. ^ Gsk, Packages Ltd declare earnings Dawn (newspaper), Published 26 February 2015, Retrieved 17 December 2018
  8. ^ Fight against flames at Packages Limited Dawn (newspaper), Published 10 November 2011, Retrieved 17 December 2018
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