In October 2020 Merit Packaging was suffering, and nobody seemed to care. You see Merit is a packaging and printing company based in Karachi and a subsidiary of the Lakson Group. Its total assets exceed $1 billion (Rs 153 billion), and as an employer they have more than 17,000 people. If the executives at Lakson are getting their profits overall, a small subsidiary like Merit Packaging does not warrant a big shake up. And while dealing with the problems at Merit might be an inconvenience for their parent group, Merit Packaging does have shareholders, and those shareholders were not happy at the company’s performance.
Source: Pakistan Today May 03, 2021 04:32 UTC