Ho do I create a view inside a package.

Use EXECUTE IMMEDIATE:

BEGIN
...
EXECUTE IMMEDIATE 'create view v_emp as select * from emp';
END;

But why would you want to do that?

I have to create install scripts for these, because they need to go into various schemas. along with functions and procedures. So I wanted to bundle them all up. That way a package can stay in the schema for future reference. Or can we store scripts on the schema.
Why, is this in-efficient?

No, I thought maybe you were creating views dynamically from your application. Normally packages are used for code that will be run many times. What you are doing is unusual, but harmless.

Hi, I am unable to figure out how to invoke this view from the package specification. here is what I have

CREATE OR REPLACE PACKAGE ABC IS
end;
/

I know something has to identify the view in the header but I cant figure out how to do that.

CREATE OR REPLACE PACKAGE BODY ABC AS
BEGIN
EXECUTE IMMEDIATE
'CREATE OR REPLACE VIEW ABCD
(LISTNAME, CODE, DESCRIPTION)
AS
SELECT
translate(CODELKUP.LISTNAME,"^`"""," ") LISTNAME,
translate(CODELKUP.CODE,"^`"""," ") CODE,
translate(CODELKUP.DESCRIPTION,"^`"""," ") DESCRIPTION
FROM
CODELKUP';
END;
/

You need to create a procedure in the package like this:

You will have problems with those quotes though. Oracle uses only single quotes (') to delimit text strings.