Pakistan nets $993m from Habib stake sale

After failing to sell a 10% stake in the national oil and gas company, Pakistan succeeds in offloading its 41.5% holding in Habib Bank in the country's largest ECM transaction.
Habib Bank Plaza in Islamabad
Habib Bank Plaza in Islamabad

The Pakistan government offloaded its entire stake in Habib Bank and raised $992.7 million in the country’s largest-ever share sale, the latest transaction in the country's privatisation drive.

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