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The Cabinet Committee on Privatisation (CCOP) approved the highest offer of
Rs.14.125 billion for the privatisation/ sale of 74,306,100 shares of Pak Arab
Fertilizers (Pvt) Limited (PAFL) received from Consortium of Fatima Group
through its lead bidder Reliance Export in a meeting held under the
chairmanship of Prime Minister Shaukat Aziz here today.
CCOP approved the offer price for UBL IPO. CCOP also directed the PC to hold
bidding for National Refinery Limited (NRL) at an early date. The meeting
urged upon the PC to complete the privatisation process of Karachi Shipyard &
Engineering Works (KS&EW) at a very early date.
The meeting also reviewed various other ongoing transactions. The respective
Ministers, senior officials and the representatives of the concerned
departments attended the meeting.