In 1975, Peter Pakula developed a line of trolling lures. The lures, revered by captains, remain one of the most popular and successful lure collections available. 

Captains Laurie Wright and Skipper Gentry cited the Pakula Sprocket and Pakula Paua Hothead Mosquito lures as top producers in Marlin magazine's 2018 list of the world's best marlin lures. The Pakula Lumo Sprocket was also ranked third in Marlin magazine's Top Ten Lures of All Time. 

In addition to developing lures, Pakula is also considered an authority on rigging and effective fishing measures. He freely shares his knowledge, tactics, and techniques through numerous seminars and publications.