|
|
|
|
|
The Board of Privatisation Commission chaired by Mr. Zahid Hamid Federal
Minister for Privatisation & Investment here today took decisions on various
details relating to the Initial Public Offering (IPO) of Habib Bank Limited (HBL)
to enable the subscription to take place during the current month in a
meeting. This will be apart from the United Bank Limited (UBL) Global
Depository Receipt (GDR) transaction in which book-building is expected to be
completed by June 22, 2007.
The Board awarded Financial Advisory Services contract to Khalid Majid Rahman,
Chartered Accountants for the privatisation of Pakistan Mineral Development
Corporation (PMDC)’s Coal and Salt mines projects.
The Board decided to recommend to Cabinet Committee on Privatisation (CCOP)
various options relating to the privatisation of National Power Construction
Corporation (NPCC).
The meeting was informed that the pre-bid meeting with intending bidders for
Hazara Phosphate & Fertilzers Limited (HPFL) was held on June 22, 2007 and
that the Privatisation Commission was all set to hold bidding on June 18,
2007.
The Board also reviewed progress and status of the transactions relating to
sale of Services International Hotel (SIH) land, Lahore, land and property of
Republic Motors Limited, Lahore, PTDC’s motels and restaurants and other
ongoing and upcoming privatisations.
Members of the Board of the Privatisation Commission, senior officials of the
respective Ministries and departments attended the meeting.