Cherat Packaging secures $638,000 from papersack line sale

MG News | December 31, 2024 at 02:41 PM GMT+05:00

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December 31, 2024 (MLN): Cherat Packaging Limited (PSX: CPPL) has successfully completed the transaction and received sales proceeds amounting to $638,000, the company's filing on PSX revealed today.

This signifies the successful completion of the sale of the Company’s papersack production lines.

CPPL will continue supporting the cement industry by providing high-quality polypropylene bags.

Additionally, the Company is focused on launching a new SOS/Carrier bag business and expanding its current Flexible Packaging operations.

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