The board of Privatisation Commission in its meeting held on Tuesday appointed consortium of M/s Deutsche Bank, Morgan Stanley and AKD Securities as financial adviser for the National Bank of Pakistan GDR transaction.
The evaluation committee has made recommendations for appointment of the consortium as financial advisor . The board also decided that the transaction should be processed and completed as expeditiously as possible.
The board approved signing of financial advisory services agreement with M/s Khalid Majeed Rahman, Chartered Accountants for privatisation of PMDC''s coal and salt mines.
The present status of all ongoing transactions was also reviewed in the meeting, particularly Pakistan State Oil (PSO) and land of Services International Hotel and Republic Motors Limited at Lahore and Hazara Phosphate and Fertilisers Limited. The Board decided to revise pay scales of the employees of the Privatisation Commission in keeping with the revisions allowed by the government with effect from July 1.