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Business April 22, 2021 KARACHI: Packages Limited has announced Rs2.8 billion capital expenditure investment plans by Bulleh Shah Packaging, a 100 percent wholly owned subsidiary of Packages Limited. “Bulleh Shah Packaging (BSPL) has informed the company through its letter dated April 20, 2021 that the board of directors of BSPL, in its meeting held on April 16, 2021, has approved an investment in a new state of the art corrugated packaging line with expected name plate capacity of 115,000 tons per annum and estimated project cost of up to Rs2.8 billion subject to exchange rate fluctuations and changes in duties/taxes, if any,” a bourse filing said. The project will be financed primarily with a mix of debt and internal cash generation and is expected to start commercial operations during the first half of the year 2023. ....