Nishat Paper Products Ltd. (NPPCL) was the first Joint venture project of Nishat with Shuaiba Paper Products Company Ltd. Kuwait (Shuaiba). The Primary purpose of the project was the vertical integration in Cement business for supply of paper sacks for cement packaging. D G Khan Cement Company Ltd. (DGKCC) and Shuaiba entered into an agreement on 12th June 2004 for setting up a paper sack plant in Pakistan, but later in June 2008 Nishat acquired the stake from Shuaiba Paper and now NPPCL is subsidiary of D.G. Khan Cement Company Ltd. The plant has annual production capacity of 120 million bags equipped with 2 identical state of the art machines supplied by M/s. Windmoller and Holsher Germany. . The plant is situated to adjacent to D.G. Khan Kairpur cement unit, in District Chakwal. The plant is also in close proximity of 2 other big cement producers.
Nishat is one of the premier business conglomerate of the country, has grown from a cotton export house into the premier business houses of the country with 7 listed companies, with fully diversified businesses; Textiles, Cement, Power Generation, Insurance, Financial Services, real estate and hotels and dairy farming. Today, Nishat is considered to be at par with multinationals operating locally in terms of its quality products and management skills.