ISLAMABAD: The government is planning to raise $600 million in the next month by selling a stake in Habib Bank Limited (HBL) as it has a stake of 42% in the bank. It is expected that the government will sell a minimum of 250 million of its 609.3 million shares.
“People are taking much more interest because the government is coming up with transactions every two months,” Privatisation Commission chairman Mohammad Zubair said in an interview in London on Friday.
Prime Minister Nawaz Sharif aims to raise $2 billion from asset sales by June 30 to meet conditions attached to a $6.6 billion IMF loan.
World Bank mission reviews Sukkur Barrage project
SUKKUR: A World Bank Implementation Support Mission on Wednesday visited the Sukkur Barrage Rehabilitation Project to assess on-ground progress and...
