United Brands Limited enters warehousing and transportation business

MG News | September 10, 2018 at 03:53 PM GMT+05:00

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September 10, 2018 (MLN): In a notification issued to PSX, United Brands Limited disclosed that the company has engaged in a business of Warehousing and Transportation under the newly formed, wholly owned subsidiary “IBL Logistic Private Limited.”

According to the notification, the Company has acquired logistic contract from one of the major beverages Company of Pakistan. The revenue in form of service charges is expected to add Rs.25 million per month.

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