Tuesday, February 7

Board of directors meeting of Pakistan Paper Products Limited

Karachi, Pakistan Paper Products Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 16, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 09, 2021 to September 16, 2021.

Pakistan Paper Products Ltd came into existence in 1951. At that time, our newly founded country had to import all its paper products which were resulting in the drain of valuable foreign Exchange. Realizing the need of the times, Mr. Hashim B. Sayeed (Late), founder and former Chairman of Pakistan Paper Products Limited, armed with machinery and technical knowhow from Germany decided to set up a paper converting unit in Pakistan.

In 1962, Pakistan Paper Products became a Private Limited Company. In 1964, it became a Public Limited company and was quoted on the Karachi Stock exchange and till today it is one of the oldest listed companies at Pakistan Stock Exchange (PSX). The company is principally engaged in the production and sale of sensitized papers, pro-labels and exercise books.

The total number of shares is 8,000,000. The Earnings per share is 1.95 in 2020 which were 2.25 in 2019. The Profit after Taxation is 15,570,000 in 2020 which was 17,975,000 2019.