Privatisation Commission signs pact with financial advisers for privatising Zarai Taraqiati Bank |
The Privatisation Commission on Friday signed an agreement with financial advisers for the privatisation of Zarai Taraqiati Bank Limited (ZTBL), a statement from the Ministry of Privatisation said.
Founded in 1961 as the ADBP, it was renamed and incorporated as ZTBL in 2002 under the Companies Ordinance 1984. The bank offers agricultural credit and banking services to farmers nationwide and remains Pakistan’s largest public-sector agri lender.
Last month, the Board of the Privatisation Commission had approved the appointment of financial advisers for the divestment of ZTBL, marking it as one of the government’s priority transactions in the current privatisation pipeline.
“The Privatisation Commission has signed a Financial Advisory Services........