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Packages aspires to take a leadership position in everything that it does. We believe that this is only possible through the brand of leadership that has been passed on to us in our history. The patterns of leadership pioneered by our initial leaders are still being followed. The legacy of respect and understanding has defined our leadership model since 1956.

At Packages , the underlying values of leadership are integrity, passion, courage, drive, care and humility. Our diligent leaders always seek to maximize the present and utilize the future.

Our adept leaders always encourage and train others to take up the mantle of leadership and in doing so, continue this constructive tradition of packages.


Board of Directors


Management Committees

Executive Committee

Executive Committee is involved in day to day operations of the Company and is authorized to conduct every task except the ones to be carried out by the Board under the section 183 of the Companies Act, 2017. The Executive Committee meets periodically to review operating performance of the Company against pre-defined objectives, commercial business decisions and investment and funding requirements. The Executive Committee is also responsible for formulation of the business strategy, review of risks and their mitigation plans.

Audit Committee

The terms of reference of the Audit Committee is derived from the Code of Corporate Governance applicable to listed companies in Pakistan. The Audit Committee is, among other things, responsible for recommending to the Board of Directors the appointment of external auditors by the Company’s shareholders and considering any questions of resignation or removal of external auditors, audit fees and provision by external auditors of any service to the Company in addition to audit of its financial statements. In the absence of strong grounds to proceed otherwise, the Board of Directors act in accordance with the recommendations of the Audit Committee in all these matters.

The terms of reference of the Audit Committee also include the following:

  1.  Determination of appropriate measures to safeguard the Company’s assets;
  2. Review of quarterly, half-yearly and annual financial statements of the Company, prior to their approval by the Board of Directors, focusing on:
      • Major judgmental areas;
      • Significant adjustments resulting from the audit;
      • The going-concern assumption;
      • Any changes in accounting policies and practices;
      • Compliance with applicable accounting standards;
      • Compliance with listing regulations and other statutory and regulatory requirements; and
      • Significant related party transactions.
  3. Review of preliminary announcements of results prior to publication;
  4. Facilitating the external audit and discussion with external auditors of major observations arising from interim and final audits and any matter that the auditors may wish to highlight (in the absence of management, where necessary);
  5. Review of management letter issued by external auditors and management’s response thereto;
  6. Ensuring coordination between the internal and external auditors of the Company;
  7. Review of the scope and extent of internal audit and ensuring that the internal audit function has adequate resources and is appropriately placed within the Company;
  8. Consideration of major findings of internal investigations of activities characterized by fraud, corruption and abuse of power and management’s response thereto;
  9. Ascertaining that the internal control systems including financial and operational controls, accounting systems for timely and appropriate recording of purchases and sales, receipts and payments, assets and liabilities and the reporting structure are adequate and effective;
  10. Review of the Company’s statement on internal control systems prior to endorsement by the Board of Directors and internal audit reports;
  11. Instituting special projects, value for money studies or other investigations on any matter specified by the Board of Directors, in consultation with the Chief Executive Officer and to consider remittance of any matter to the external auditors or to any other external body;
  12. Determination of compliance with relevant statutory requirements;
  13. Monitoring compliance with the best practices of corporate governance and identification of significant violations thereof; and
  14. Consideration of any other issue or matter as may be assigned by the Board of Directors

Our Auditors

A.F. Ferguson & Co.
Chartered Accountants

Human Resource and Remuneration (HR&R) Committee

The terms of reference of the Human Resource and Remuneration (HR&R) Committee include the following:

  1. Recommendation to the Board for consideration and approval of a policy framework for determining the remuneration of Directors (both Executive and Non-Executive Directors and members of senior management). The definition of senior management will be determined by the Board which shall normally include the first layer of management below the Chief Executive Officer level.
  2. Undertaking annually a formal process of evaluation of performance of the Board as a whole and its Committees either directly or by engaging an external independent consultant and if so appointed, a statement to that effect shall be made in the Directors’ Report disclosing therein name and qualifications of such consultant and major terms of his/its appointment.
  3. Recommending Human Resource Management Policies to the Board.
  4. Recommending to the Board the selection, evaluation, development, compensation (including retirement benefits) of Chief Executive Officer, Chief Financial Officer, Company Secretary and Head of Internal Audit.
  5. Consideration and approval on recommendations of Chief Executive Officer on such matters for key management positions who report directly to  Chief Executive Officer.
  6. Where human resource and remuneration consultants are appointed, they shall disclose to the Committee their credentials as to whether they have any other connection with the Company
  7. Considering and making recommendations to the Board in respect of the Board’s Committees and the chairmanship of the Board Committees.
  8. Keeping the structure, size and composition of the Board under regular review and for making recommendations to the Board with regard to any changes necessary.

IT & Digitization Committee

IT and Digitization Committee shall:

  1. Review and Approve IT and Digitization Strategy
  2. Review and Approve IT Policy
  3. Review and monitor on-going projects related to business/IT relevance to the company’s policy and goals
  4. Guide to prioritize various projects of the company to achieve company’s goals where IT is working as an enabler
  5. Review and Approve Risk management framework
  6. Review All Key Performance Indicators and delivery of the KPIs
  7. Review all information technology projects based on value for money
  8. Review Business Continuity arrangements are in place
  9. Review information security/data risks identified by Audit and security systems, assessed and managed in line with standard frameworks and recommend actions