Thal Ltd plans bag plant in Hub in Balochistan 29 April 2021
Thal Ltd, a subsidiary of House of Habib and paper bag manufacturer to a range of industries including Pakistan s cement companies, is setting up a plant to manufacture polypropylene woven bags in Hub with an investment of PKR1.7bn (US$11m). The state-of-the-art plant that has the capacity to produce 90m bags annually has been procured from Windmöller & Hölscher of Germany.
Expressing his views on this new investment, CEO of Thal PPD, Syed Umair Ahmed, said, Thal Ltd also has a paper bag production with the capacity of 250m paper bags per annum and with a production capacity of 90m WPP bags per annum. We will be able to cater to not only the local market but also grow our export business, he added.
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KARACHI: With the ongoing FATF plenary meeting and the roll-over week, investors thought it prudent to book profit at current levels. It sent the KSE-100 index down for the second day.
After oscillating between the intraday high and low by 194 and 227 points, the index settled lower by 161 points, or 0.35pc at 45,728.75.
Trade remained choppy as investors were torn between the greed to buy in the results reporting season and the fear of an unexpected market plunge on the major event of ongoing four-day FATF plenary meeting which started on Monday.
Investors were spooked as an Indian magazine drummed up the issue and suggested that Pakistan would remain on the grey list till the next plenary meeting to be held in July. Other than that the roll-over week cast its unsavoury spell as weak investors rushed to cover positions.