Pak Agro Packaging Private Ltd.’s story is truly remarkable. It commenced operations in May 2001 with a humble investment of Rs 6.00 million only. Through sheer hard work and prudent business decisions, the Company’s total assets reached Rs 309 million mark at end June 2019. However, an unfortunate fire incident in Dec 2019, destroyed around Rs 141 million worth of assets. The insurers settled the claim at Rs 71 million, leading to a net loss of Rs 54 million for year ended 30 June 2020. This is the only time the company incurred a loss in the past thirteen years. However, the company has recovered well, and it is projected to show a net profit after tax of Rs. 38.18 million for Y/E June 21, and steadily improving return on investment thereafter.  Starting with only two products, the Company now manufactures a wide range of products that are helping in the development of the country’s agriculture sector. Apart from the teething problems experienced during the first two or three years of its operations, the company has consistently shown profit from fourth year onward till 2020. The Company is a market leader in its particular market. It operates through a network of distributors without offering any credit facilities. It is therefore immune from the credit risk.

Due to satisfactory cash flows, a large portion of the company’s investment in its assets has been primarily funded by internally generated funds. After 18 years of successful operations, the company is ready to take a leap of faith and expand its operations at a much larger scale than hitherto done – and for this purpose wishes to get listed on the GEM board of PSX.