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Mr. Zahid Hamid Federal Minister for Privatisation & Investment has urged
small investors to consider opening CDC accounts and obtain computerized
National Identity Cards, which will help their participation in upcoming
Public Offering of GoP shares in amongst others United Bank Limited (UBL),
State Life Insurance Company Limited (SLIC) and Oil & Gas Development Company
Limited (OGDCL). The Minister stated this while addressing the Privatisation
Commission Board meeting here today.
He directed the Privatisation Commission to simplify the application forms in
this regard with necessary information in Urdu so as to facilitate the small
investors and to issue instructions to the respective bankers to guide in
completing requisite formalities.
Mr. Zahid Hamid asked the PC officials to plan a series of road shows all over
the country with proper sequencing, especially in smaller cities, towns and
rural areas for creating awareness among the masses to benefit from the
planned public offerings under the government's policy of, 'Privatisation for
the People'.
The PC Board reviewed the status and progress of on going and upcoming
transactions and directed that necessary steps be taken for their expeditious
completion in an open fair and transparent manner after completing all
prescribed rules and regulations.
The PC Board members and the senior officials of the respective ministries and
departments were present during the meeting.