Privatisation Commission approves transaction structure and sends recommendations to cabinet body
According to Beyond Time News, Pakistan has taken a major step toward the privatisation of Zarai Taraqiati Bank Limited. The Privatisation Commission (PC) Board has approved a proposed transaction structure and restructuring plan.
Key Meeting and Decisions
The board met in Islamabad under the chairmanship of Muhammad Ali. During the session, members reviewed detailed proposals presented by financial advisers.
After careful discussion, the board endorsed the plan. It aims to improve efficiency and maximize value for the government.
Next Step: Cabinet Review
The recommendations will now go to the Cabinet Committee on Privatisation (CCoP). The committee will review and decide on the next phase of the process.
Officials said the government wants to move forward with transparency and a clear strategy. The goal is to attract investors while strengthening the financial sector.
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Focus on Restructuring
The approved plan includes a comprehensive restructuring of ZTBL. This step is important before offering the bank to investors.
Authorities believe restructuring will improve performance and make the institution more attractive in the market.
Update on Power Companies Privatisation
In a related update, the Privatisation Commission clarified reports about power sector privatisation.
The board has already approved plans for three major distribution companies:
- Faisalabad Electric Supply Company
- Gujranwala Electric Power Company
- Islamabad Electric Supply Company
These proposals will also go to the Cabinet Committee for approval.
What Happens Next
Once approved, the government will invite Expressions of Interest (EOIs) from investors. This will formally start the privatisation process.
Overall, the move signals renewed momentum in Pakistan’s privatisation drive. The government aims to improve efficiency, reduce financial burden, and attract private investment into key sectors.
