Packages Limited

Packages Limited is a Pakistani multinational packaging company based in Lahore, Pakistan. The company was founded in 1956.[1] The company is known for their tissue brand, Rose Petal.

Packages Limited
IndustryPackaging
Founded1956[1]
HeadquartersLahore, Pakistan
ProductsRose Petal
Revenue Rs.1.8 Billions[2]
OwnerSyed Babar Ali
Number of employees
over 2000[3]
Websitewww.packages.com.pk

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.[1]

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

Revenue

In first quarter of 2016, company announced revenue of Rs1.8bn[2] which showed 22 percent growth from the previous year.[6]

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.[7]

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References
  1. "Packages sells Tetra Pak shares for $115m". Dawn (newspaper). 14 March 2009. Retrieved 17 December 2018.
  2. Our Equities Correspondent 2 (22 April 2016). "ICI, FFBL, Abbott, Packages Ltd announce results". Dawn (newspaper). Retrieved 17 December 2018.
  3. "Company Profile - Packages Limited". packages.com.pk website, Retrieved 17 December 2018.
  4. 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. Gsk, Packages Ltd declare earnings Dawn (newspaper), Published 26 February 2015, Retrieved 17 December 2018
  7. Fight against flames at Packages Limited Dawn (newspaper), Published 10 November 2011, Retrieved 17 December 2018
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