PC HOLDS KICK-OFF MEETING FOR PRIVATISATION OF SME BANK

Islamabad, May 15, 2007

A formal kick-off meeting for the privatisation of SME Bank was held here today at the Privatisation Commission with Mr. Arif Mansur, Secretary Privatisation Commission in chair.

The Financial Advisor for the Transaction (BMA Capital) conducted a presentation on SME Bank’s privatisation methodology and the way forward. The Secretary Privatisation Commission directed the concerned officials to exercise maximum transparency and ensure efficiency during the privatisation process of the Transaction. Senior officials of Ministry of Finance, State Bank of Pakistan (SBP), SME BANK and Privatisation Commission attended the meeting.