The Cabinet Committee on Privatisation earlier yesterday approved floor price of Rs216 per share for disinvestment of up to 10 per cent government shares in OGDCL through international and domestic capital markets.
The Privatisation Commission has proposed a floor price to the cabinet committee. On Thursday, the commission informed the stock exchanges in Karachi, Lahore, and Islamabad about the sale of 311,174,800 shares, which represents 7.5 percent of the government’s holding in OGDCL.
The minimum floor price is set at Rs216 per share, and the government expects to raise Rs67.214 billion from this sale. Finance Minister Ishaq Dar, who is currently in Dubai for talks with the IMF, chaired the meeting via video link.
