The Privatisation Commission (PC) Board endorsed on Wednesday proposed transaction structure and a comprehensive restructuring plan for Zarai Taraqiati Bank Limited (ZTBL), following a detailed presentation by the financial advisers, according to a PC statement.
In its 251st meeting held on Wednesday under the chairmanship of Muhammad Ali, Adviser to the Prime Minister on Privatisation, the Board made key recommendations to the Cabinet Committee on Privatisation (CCoP) regarding the privatisation of ZTBL.
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“The Board endorsed the proposed transaction structure and a comprehensive restructuring plan for Zarai Taraqiati Bank Limited, following a detailed presentation by the financial advisers. The proposals were refined after extensive deliberations, with a focus on maximising value for the Government of Pakistan,” the statement read.
“These recommendations will now be submitted to the CCoP for consideration at its forthcoming meeting.”
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