HBL divestment structure accepted

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    HBL's Divestment Meeting

    According to Pakistan Economy News, the Cabinet Committee on Privatisation (CCoP) has approved the transaction structure proposal for the sale of government shares in Habib Bank Limited (HBL).

    The Privatisation Commission Chairman Mohammad Zubair on 10th February directed a meeting, headed by Finance Minister Ishaq Dar, about the proposed mechanism, according to an official statement.

    Dar observed that all efforts should be made for securing best price for the country’s prime financial institution having significant international standing.

    He said the National Power Construction Company (NPCC) proposal would be discussed at next CCoP meeting, later in the week.

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