JEDDAH, Saudi Arab – Minister for Finance and Economic Affairs Senator Ishaq Dar has said that transaction of the Pakistan Petroleum Limited (PPL) shares will send a strong message to both international and domestic investors on the state of economy and the investment opportunities in Pakistan.
He said this is the first time in history of the country that offers on premium have been received on the sale of government shares in any entity. The minister who is currently on visit to Saudi Arab in connection with the Board of Directors meeting of the Islamic Development Bank said in a statement that investors confidence in the economic policies of the government has been reflected in both bond and equity market.
“We need to capitalize on the momentum and continue on the reform agenda undertaken by the government,” Dar said. He also appreciated the hard work done by the Privatization Commission and the whole team for completing the transaction in a professional manner.