psdpSECOND SESSION OF THE BOARD OF PRIVATISATION COMMISSION

Islamabad  9th January, 2014

Second session of the Board of Privatisation Commission was held today under the Chairmanship of Mohammad Zubair, Mos/ Chairman Privatisation Commission. Board Members including Arsala Khan Hoti, Nasiruddin Ahmad, Zafar Iqbal Sobani and Secretary Privatisation Commission attended the meeting. Mohammad Zubair informed the Board that the Government would ensure transparency in the process of privatization. All stakeholders would be taken into confidence. The Chairman also highlighted that Government is sensitive to the employees and their rights would be protected.

The Board considered and approved divestment of shares in:

–   Habib Bank Limited
–   United Bank Limited
–   Allied Bank Limited
–   Oil and Gas Development Companies Limited and
–   Pakistan Petroleum Limited.

The Board also allowed the Commission to initiate process for hiring of Financial Advisors for the above mentioned entities and constituted Transactions Committees (TCs).

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