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A formal kick-off meeting for the international offering of National Bank of
Pakistan (NBP) shares through Global Depository Receipt (GDR) was held at NBP
Headquarters, Karachi today under the chairmanship of Mr. Zahid Hamid Federal
Minister for Privatisation & Investment.
The Financial Advisor for the Transaction Deutsche Bank, Morgan Stanley & AKD
Securities made a presentation on the NBP-GDR Transaction and highlighted the
salient features of the methodology and the way forward indicating various
requirements for a successful GDR Transaction.
Mr. Zahid Hamid Federal Minister for Privatisation & Investment stressed the
need for a transparent and value maximizing process. The timing of listing
should be finalized keeping in view the completion of various formalities and
considerations including the market conditions, he said.
The senior officials of the Privatisation Commission, top management of NBP
including President Mr. Ali Raza and Financial Advisor for the Transaction
Deutsche Bank, Morgan Stanley & AKD Securities attended the meeting.