Privatization Commission Board which met under the chair of Privatization Advisor Muhammad Ali to take key decision regarding the privatization of Zarai Tarqiati Bank Limited (ZTBL), reported 24NewsHD TV Channel.
During the meeting, Privatization Commission Board gave approval for the transaction structure and restructuring plan of the bank. The Commission's recommendations sent to Cabinet Committee on Privatisation for approval.
According to an announcement, the government reiterates its commitment to make privatization policy transparent.
Privatization Commission Board has already approved the privatization of FESCO, GEPCO and IESCO.
The Discos' structure and restructuring plans were approved in meeting held on April 14. After the approval of the cabinet committee, expression of interest will be invited for the privatization. Privatization Commission Board emphasized on ensuring transparency and maximum financial benefit in the privatization process.
It has been decided to privatize three electricity distribution companies in the first phase.