International Finance Corporation (IFC), a member of the World Bank Group, is proposing to extend a loan of up to $25 million to Pakistan-based paper-related products maker Packages Ltd.
The Pakistani firm is seeking capital to remove bottlenecks in its packaging and carton line operations in Pakistan and South Africa, enhance its energy and water usage, and increase investment in one of its overseas subsidiaries. This entire exercise is estimated to cost around $41 million.
