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The government is offering 3.2 % (13.13 million) additional shares of
National Bank of Pakistan (NBP) to the public through the third offer for sale
of the Bank's shares. The offer price has been fixed with the approval of the
Cabinet Committee on Privatisation (CCOP) at Rs. 46/= per share. Preference of
allocation shall be given to the applicants for 500 shares.
The subscription will open for three days from Monday October 13, 2003, which
will remain open on Tuesday October 14,2003 and will conclude on October 15,
2003 at the designated branches of National Bank of Pakistan, Habib Bank
Limited, United Bank Limited, Muslim Commercial Bank, Allied Bank Limited,
Bank Al Habib Limited, First Women Bank Limited, PICIC Commercial Bank, Habib
Bank A.G. Zurich, Prime Commercial Bank and Union Bank.
Application forms and offer for sale documents are available through branches
of the above banks, from Elixir Securities and Taseer Hadi Khalid & Co (co-
Lead Mangers), from the Karachi, Lahore and Islamabad Stock Exchanges and
through the Privatisation Commission's web site: www.privatisation.gov.pk
Interested individuals/ parties may submit completed application form, along
with attested copy of national identity card and a cheque for the required
amount, at the designated banks during banking hours on the subscription
dates.