PC INKS FAS AGREEMENT FOR PRIVATISATION OF SME BANK

Islamabad, May 07, 2007

A Financial Advisory Services (FAS) agreement for the privatisation of SME Bank was signed here today between the Privatisation Commission and BMA Capital.

On the basis of a comprehensive technical and financial evaluation of six interested parties, the Privatisation Commission Board declared BMA Capital successful.

The privatisation of SME Bank is targeted for the current year on fast track basis.