The Privatisation Commission Board has approved the appointment of Financial Advisors for the privatisation of Zarai Taraqiati Bank Limited (ZTBL).
The decision was made during the 236th Board meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, as shared by Khurram Schehzad, Adviser to the Finance Minister on Economic and Financial Reforms, on X.
Following a competitive and transparent selection process, the Board approved the appointment of a consortium of Financial Advisors (FA) led by Next Capital Limited for the ZTBL transaction.
The consortium secured the highest technical and financial ranking among six qualified bidders, which included leading consortiums headed by Arif Habib Limited, A.F. Ferguson, AKD Securities Limited, Bridge Factor, and JS Bank.
The Board also approved the constitution of a Negotiation Committee to finalize the Financial Advisory Services Agreement (FASA) with the selected consortium.
This development marks a significant step forward in the government’s ongoing privatisation programme.
The Privatisation Commission is actively advancing key transactions to promote efficiency, enhance private sector participation, and support broader financial sector reforms.
ZTBL is among the priority transactions in the current privatisation pipeline.
The appointment of a top-tier consortium of FAs reflects the government’s strong commitment to executing the process in a professional, transparent, and timely manner.