CPPL to sell universal paper sack Line V

MG News | June 26, 2023 at 01:35 PM GMT+05:00

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June 26, 2023 (MLN): The Board of Directors (BoD) of Cherat Packaging Limited (PSX: CPPL) has authorized the management to sell line V, the universal paper sack Line of the company, CPPL’s latest filing on PSX revealed.

“The company will be able to meet the limited demand for paper sacks with its lines III and IV having a combined capacity of 160 million paper sacks per annum,” the notice reads.

Moreover, the board has approved the annual budget of the company for the financial year 2023-24.

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