Islamabad, October 17, 2014 (PPI-OT): Federal Minister for Finance, Senator Mohammad Ishaq Dar here on Friday chaired a meeting to review the progress of Privatization program and related matters. The progress of the divestment of OGDCL shares and other capital market transactions relating to Allied Bank Limited, Habib Bank was evaluated.
Chairman Privatization Commission informed that the basic work relating to education of prospective investors at many places internationally or at key capital markets for divestment of OGDCL shares was completed as allowed by the Supreme Court of Pakistan. Further developments in this regard will be planned in the light of guidance to be provided by the honourable Supreme Court.
Regarding HBL and ABL, Chairman Privatization Commission informed that the process of appointment of Financial Advisor for the two transactions is at an advanced stage and will be completed shortly. The Finance Minister while appreciating the work of Privatization Commission underlined the significance of the program for the overall macro-economic stability and external account viability and stressed continuous focus and diligence of planned transactions under the privatization program.
The meeting was attended by Federal Minister for Science and Technology, Zahid Hamid, Chairman Privatisation Commission, Muhammad Zubair, Secretary Finance, Dr. Waqar Masood, Secretary Law, Barrister Zafarullah Khan and other senior officials.
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