Hi aderojas,
use 'rewrite' => array('slug' => 'your-slug-here'),
here is an example
register_post_type(
'portfolio',
array(
'labels' => array(
'name' => 'Packages',
'singular_name' => 'Package'
),
'public' => true,
'has_archive' => true,
'rewrite' => array('slug' => 'package-type'),
'supports' => array('title', 'editor', 'excerpt', 'thumbnail','comments'),
'can_export' => true,
)
);
remember to refresh the permalink settings.