The Privatization Commission of Pakistan approved the sale of government shares in seven entities including Pakistan International Airlines (PIA), Oil and Gas Development Company Ltd (OGDCL), Pakistan Petroleum Ltd (PPL), and three banks, it was officially announced. A two-day meeting of the board of Privatization Commission allowed initiating the process of hiring of financial advisers or evaluators from the private sector for divestment of the government shares in a transparent manner to obtain the best possible market price. The board has formed transaction committees for the sale of government shares in the OGDCL, PPL, Habib Bank Limited, United Bank Limited and Allied Bank Limited. The board has also approved to sell 26 percent shares of the national carrier PIA and allowed to initiate process for sale of the Heavy Electrical Complex and National Power Construction Company during the meeting. Minister of State and Chairman of the Privatization Commission, Mohammad Zubair, said that the government would ensure transparency in the process of divestment taking all the stakeholders into confidence and fully protecting the rights of employees. The government will offer to sell its 85 per cent shares in OGDCL, 78 per cent in PPL, 42 per cent in HBL, 20 per cent in UBL, and 10 per cent in ABL in the international market, said Muhammad Zubair.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor