CCoP approves privatisation of SME Bank

The Cabinet Committee on Privatisation (CCoP) has approved the privatisation of SME Bank, divestment of 18.3 percent GoP’s shareholding in Mari Petroleum Company Ltd and listing of GEPCO shares on Pakistan Stock Exchange.

The CCoP also recommended inclusion of House Building Finance Corporation Limited (HBFCL) and First Women Bank Limited (FWBL) in the ‘Privatisation Programme for Early Implementation’. The committee also considered the strategic sale of KAPCO and instructed the Privatisation Commission and Ministry of Water & Power to complete all formalities.

The decisions in this regard were taken in a meeting of the CCoP which was held here on Friday. The meeting was presided over by the Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation Ishaq Dar. Federal Minister for Law Zahid Hamid, Minister for Petroleum Shahid Khakan Abbasi, Privatisation Commission Chairman Muhammad Zubair, BOI Chairman Dr Miftah Ismael, SECP Chairman Muhammad Zafarul Haq Hijazi and other senior government officials attended the meeting.

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