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Privatisation Commission Approves Appointment of Financial Advisors for Zarai Taraqiati Bank Limited

Strategic Insights

— 1 min read

The Privatisation Commission Board has made a crucial decision regarding the privatisation of Zarai Taraqiati Bank Limited (ZTBL). The 236th Board meeting, chaired by Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, has approved the appointment of a consortium of Financial Advisors (FA) led by Next Capital Limited. This significant development marks a major step forward in the government's privatisation programme, aimed at promoting efficiency, enhancing private sector participation, and supporting broader financial sector reforms.

Key Takeaways:

  • The Privatisation Commission Board approved the appointment of a consortium of Financial Advisors (FA) led by Next Capital Limited for the Zarai Taraqiati Bank Limited (ZTBL) transaction.
  • The consortium secured the highest technical and financial ranking among six qualified bidders, including leading consortiums headed by Arif Habib Limited, A.F. Ferguson, AKD Securities Limited, Bridge Factor, and JS Bank.
  • The Board approved the constitution of a Negotiation Committee to finalize the Financial Advisory Services Agreement (FASA) with the selected consortium.
  • The appointment of a top-tier consortium of FAs reflects the government's strong commitment to executing the privatisation process in a professional, transparent, and timely manner.
  • ZTBL is among the priority transactions in the current privatisation pipeline.
  • The government's ongoing privatisation programme aims to promote efficiency, enhance private sector participation, and support broader financial sector reforms.
  • Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, chaired the 236th Board meeting.

Statistics:

  • 236th Board meeting of the Privatisation Commission.
  • 6 qualified bidders for the ZTBL transaction, including leading consortiums.
  • 1 consortium secured highest technical and financial ranking among the qualified bidders, led by Next Capital Limited.
  • Priority transactions in the current privatisation pipeline include ZTBL.

Sources:

  • Khurram Schehzad, Adviser to the Finance Minister on Economic and Financial Reforms.

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