Inside Financial Markets

PRIVATISATION COMMISSION The Board considered and approved divestment of shares


Islamabad  9th January, 2014

Second session of the Board of Privatisation Commission was held today under the Chairmanship of Mohammad Zubair, Mos/ Chairman Privatisation Commission. Board Members including Arsala Khan Hoti, Nasiruddin Ahmad, Zafar Iqbal Sobani and Secretary Privatisation Commission attended the meeting. Mohammad Zubair informed the Board that the Government would ensure transparency in the process of privatization. All stakeholders would be taken into confidence. The Chairman also highlighted that Government is sensitive to the employees and their rights would be protected.

The Board considered and approved divestment of shares in:

–   Habib Bank Limited
–   United Bank Limited
–   Allied Bank Limited
–   Oil and Gas Development Companies Limited and
–   Pakistan Petroleum Limited.

The Board also allowed the Commission to initiate process for hiring of Financial Advisors for the above mentioned entities and constituted Transactions Committees (TCs).

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)