Financial advisers for ZTBL appointed
The Board of the Privatisation Commission approved the appointment of financial advisers for the divestment of Zarai Taraqiati Bank Ltd (ZTBL) on Thursday, marking it as one of the government’s priority transactions in the current privatisation pipeline. The decision made during a board meeting led by Muhammad Ali, Adviser to the Prime Minister on Privatisation, represents a significant advancement in the divestment process. It said the appointment of a top-tier consortium reflects the government’s commitment to carrying out the transaction in a professional, transparent, and timely manner. Following a competitive and transparent bidding process, a consortium led by Next Capital Ltd was selected as financial adviser for the ZTBL transaction. The consortium also includes Ijaz Ahmed & Associates (Legal), Baker Tilly Mehmood Idrees Qamar (Accounting & Tax), Executives Network International (HR), Bridge Public Relations (Media), Savills Pakistan Pvt Ltd (Real Estate Valuation), and Prima Global Consulting Pvt Ltd (Actuarial).