Asia’s ‘best transaction’: UBL divestment nominated for award
The name of a financial adviser had been finalised for the Allied Bank Limited (ABL) deal.
The government’s recent divestment of United Bank Limited (UBL) shares has been termed the year’s best transaction in Asia and nominated for its awards by an international financial magazine `The Asset’.
Addressing a press conference here on Tuesday, Minister of State for Privatization Mohammad Zubair said that Pakistan Tehreek-e-Insaf (PTI) had published a white paper criticising government’s transaction of UBL shares but international financial institutions and magazines were praising the government’s economic policies.
He said that opposition parties had a right to criticise the government but presenting government’s positive actions in a negative sense was creating a negative impact on the country’s overall economy.
The minister said the name of a financial adviser had been finalised for the Allied Bank Limited (ABL) deal.
Published in The Express Tribune, November 20th, 2014.
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