Package creation in v14

Hi all,
I am trying to create a package in v14 instance. I was able to save the Package document, but it did not create a folder in sites path.
When I save a Package Release document with “Publish” as True, it gives a error saying “No such file or directory”. Please find the reference attached.

Please can we get if we are missing some configuration that is to be done.

Thanks

I too encountered the same error while doing the same but it happens because you are trying to create an empty package.
creating package release with publish enabled is creating a package app which should have a module def with some connections like docs, scripts, custom fields and other components that can be packaged. Just attach a module def to the package with any kind of doc the create a package relealse again.
You won’t encounter any error