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Mr. Zahid Hamid Federal Minister for Privatisation & Investment chaired a
meeting of the Board of Privatisation Commission here today.
The PC Board finalized its recommendations for the approval of the Cabinet
Committee on Privatisation (CCOP) regarding price fixing of Global Depository
Receipt (GDR) offer of United Bank Limited (UBL), which is being listed at
London Stock Exchange (LSE).
The PC Board also reviewed the progress of the Initial Public Offering (IPO)
of Habib Bank Limited (HBL) under the government’s most successful,
“Privatisation for the People” program and formulated recommendations about
the offer for CCOP’s approval.
Members of the Board of the Privatisation Commission, senior officials of the
respective Ministries and departments attended the meeting.