CCP green lights merger of security printing firms

ISLAMABAD:

The Competition Commission of Pakistan (CCP) has approved the acquisition of 100% equity shares of National Security Printing Company (Private) Limited by Pakistan Security Printing Corporation (Private) Limited, marking a significant step in reorganizing Pakistan's security printing sector.

This strategic transaction aims to enhance efficiency through economies of scale and eliminate redundancies within government-owned enterprises.

The acquirer, Pakistan Security Printing Corporation, a wholly-owned subsidiary of the State Bank of Pakistan (SBP), is responsible for printing currency notes and prize bonds on behalf of the SBP. The target company, National Security Printing Company, specialises in printing essential security documents such as passports, degrees, cheques, and various government stamps.

The acquisition consolidates security printing operations under a unified framework, all controlled by the Federal Government and the SBP.