Cabinets privatization committee gives nod to selling Habib Banks shares
60 crore 90 lac shares will be sold, according to Privatization Minister
ISLAMABAD -- (Dunya News) – Privatization committee of Cabinet has approved selling of Habib Bank’s shares for 168 rupees per share on Saturday. Government will get an amount of 1 billion dollars from the sale.
Session of Cabinet’s privatization committee was presided by Finance Minister Ishaq Dar.
Talking to media, Minster of Privatization Muhammad Zubair said that committee has approved the decision to sell Habib Bank’s shares at 168 rupees per share.
Initially 60 crore 90 lac shares will be sold, according to Privatization Minister.
He futher added, proposals were received to buy shares worth of 1 billion 600 million dollars however approval was granted for sale of 1 billion 20 billion dollars.
