IFC moves to redeem part of its stake in Pakistan’s Packages Limited

Packages Limited (PKGS), Pakistan’s largest paper and board producer, has informed its stakeholders that it has received a redemption notice from the International Finance Corporation (IFC), a member of the World Bank Group, for a portion of its outstanding preference shares. The listed company disclosed development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “Packages Limited has received a redemption notice dated 23 January 2026 from International Finance Corporation, Washington D.C., USA. (IFC) to redeem 2 million preference shares/convertible stock out of the outstanding 8,186,842 preference shares/convertible stock issued to IFC under the subscription agreement with IFC dated 25 March 2009,” read the notice.