StarchPack granted Rs250m capital injection, Rs750m long-term loan by Packages Limited

News Image

MG News | August 28, 2023 at 10:13 AM GMT+05:00

0:00

August 28, 2023 (MLN) The Board of Directors of Packages Limited (PSX: PKGS) endorsed a resolution aimed at infusing capital into its subsidiary, StarchPack (Private) Limited (StarchPack), latest company’s filing on the PSX showed today.

This strategic move involves an allocation of up to Rs250 million in capital injection. Additionally, the board also sanctioned the provision of an interest-bearing, unsecured long-term loan to StarchPack, amounting to a maximum of Rs750m.

This loan, repayable over a five-year term, includes a two-year grace period.

StarchPack is a wholly owned subsidiary of PKGS and its business model is manufacturing and sale of corn-based starch products, its derivates, and by-products.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 165,476.02
586.85M
4.44%
7032.60
ALLSHR 100,326.78
1,176.99M
3.98%
3840.78
KSE30 51,034.76
269.10M
4.71%
2294.50
KMI30 243,038.50
165.37M
5.62%
12928.05
KMIALLSHR 66,437.48
585.10M
4.38%
2789.44
BKTi 46,623.32
123.78M
4.64%
2065.31
OGTi 32,472.12
22.09M
5.08%
1568.73
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 113,715.00 113,715.00
113,710.00
630.00
0.56%
BRENT CRUDE 62.28 63.63
61.50
-1.04
-1.64%
RICHARDS BAY COAL MONTHLY 80.50 80.50
80.50
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 89.00 89.00
88.75
-0.10
-0.11%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.63 58.63
58.57
-0.07
-0.12%
SUGAR #11 WORLD 15.87 15.94
15.36
0.26
1.67%

Chart of the Day


Latest News
October 14, 2025 at 05:41 PM GMT+05:00

Pakistan nears IMF agreement to unlock $1.2bn payout


October 14, 2025 at 04:36 PM GMT+05:00

KTrade tips Systems Limited for 43% gain by June 2026


October 14, 2025 at 04:14 PM GMT+05:00

PSX Closing Bell: Roaring Back to Life



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg