Federal Minister for Privatization Mohammed mian Soomro held an online meeting with the State Bank Governor where he sought assistance from SBP in resolving the inherent problems associated with the privatization of SME Bank and House Building Finance Corporation Ltd.
The State Bank was asked to consider incentives provided to other banks for an agreement with House Building Finance Corporation Limited (HBFCL) and others. It was also discussed that banks should be allowed to participate in privatization and other transactions.
Later, the Federal Minister for Privatization also met with the President / CEO of Samba Bank and his team where he Informed them about the potential of the privatization process. Following delays due to Covid-19 and other factors, the privatization process is progressing in accordance with the requirements of the Privatization Regulations, 2000.
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