PRIVATISATION COMMISSION & NBP AGREE WORK JOINTLY FOR VALUE ADDITION OF SOEs
 

Islamabad, January 22, 2010

The Privatisation Commission and National Bank of Pakistan have agreed to get into a partnership to revitalize and rejuvenate the Privatisation Program of the government. It was decided during a meeting between Senator Waqar Ahmed Khan Federal Minister for Privatisation and Syed Ali Raza President National Bank of Pakistan here today.

The country’s largest banking network National Bank of Pakistan with its wide presence abroad will work closely with the Privatisation Commission to identify avenues of value addition for State Owned Entities (SoEs) on the privatisation list and to attract international investors and financial institutions.

In order to proceed further in this regard, the arrangements will be formalized in the forthcoming meeting of PC officials with the NBP management.

Senator Waqar Ahmed Khan Federal Minister for Privatisation reiterated that Pakistan has immense potential and the government would exploit all opportunities of value addition prior to taking the entities to market.

The Minister further said that the government was determined to stimulate business activity in Pakistan, thereby facilitating economic growth and capital market revival.