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.
Wheat, flour prices expected to decline after imported wheat arrives
KARACHI: A ship carrying 51,000 tonnes of imported wheat has arrived at Karachi Port, raising hopes of a decline in...
