ISLAMABAD: Privatisation Commission (PC) is going to review secondary public offering of Habib Bank Limited (HBL).
Sources said that the Commission would also discuss the sale of a minimum 88 per cent government shares in National Power Construction Corporation (NPCC) and 96 per cent shares in Heavy Electrical Complex (HEC) in the board meeting, which likely to be convened next week.
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The government may raise around $1.2 billion by selling HBL shares through global depository receipts (GDRs). The capital transaction of HBL would be completed by March next year, for which a consortium of Credit Suisse and Deutsche Bank had been appointed as financial advisers.
