Completed Transactions 2024

Privatised Transactions
From  1991 to January 2024
        Rs (in million)
Sr. No Unit Name  Sale Price  Date of Transfer Buyer Name
Banking and Finance
Bank
1 Allied Bank Limited  (51%)               972 Feb-91 EMG 
2 Muslim Commercial Bank (75%)            2,420 Apr-91 National Group
3 Bankers Equity Ltd. (51%)               619 Jun-96 LTV Group
4 Habib Credit & Exchange 70 % (52,500,000)            1,634 Jul-97 Sh. Nahyan bin Mubarik Al-Nahyan
5 United Bank Ltd. 51% (1,549,465,680 shares)          12,350 Oct-02 Consortium of Bestway & Abu Dhabi Group
6 Bank Alfalah 30% (22,500,000 shares)               620 Dec-02 Abu Dhabi Group
7 Habib Bank (51%)          22,409 Dec-03 Agha Khan Fund for Economic Development
  Total          41,023    
Capital Market Transaction
8 Muslim Commercial Bank (6.8%)               563 Jan-01 MCB Employees-PF & Pension-F
9 Muslim Commercial Bank (4.4%)               364 Nov-01 MCB Employees-PF & Pension-F
10 NBP 10% shares IPO (37,300,000)                373 Feb-02 General Public Thru Stock Exchange
11 Muslim Commercial Bank-CDC (24,024,560 shares)               664 Oct-02 Sale thru CDC
12 Pakistan Oil Fields Limited -CDC (28,546,810 shares)            5,138 Oct-02 Sale thru CDC
13 Attock Refinery Limited -CDC (10,206,000 shares)            1,039 Jan-03 Sale thru CDC
14 ICP Lot – A               175 Sep-02 ABAMCO
15 ICP Lot – B               303 Oct-02 PICIC
16 ICP – SEMF               787 Apr-03 PICIC
17 NBP 10% SPO (37,303,932 shares)               782 Nov-02 Sale thru CDC
18 DG Khan Cement -CDC (3,601,126 shares)                 63 Dec-02 General Public Thru Stock Exchange
19 NBP 3.52% 3rd offer (13,131,000 shares)               604 Nov-03 General Public Thru Stock Exchange
20 OGDCL 5% IPO (215,046,420 shares)            6,851 Nov-03 General Public Thru Stock Exchange
21 SSGC10% -SPO (67,117,000 shares)            1,734 Feb-04 General Public Thru Stock Exchange
22 PIA 5.8% SPO (66,057,000 shares)            1,215 Jul-04 General Public Thru Stock Exchange
23 PPL15% IPO (102,875,000 shares)            5,633 Jul-04 General Public Thru Stock Exchange
24 KAPCO 20% IPO (160,798,500 shares)            4,815 Apr-05 General Public Thru Stock Exchange
25 UBL 4.2% IPO (21,867,400 shares)            1,087 Aug-05 General Public Thru Stock Exchange
26 OGDCL 9.1% GDR (390,588,000 shares)          44,893 Dec-06 GDR offering to international & domestic institutions
OGDCL 0.4% GDR (18,000,000 shares)            2,070 Apr-07 General Public Thru Stock Exchange
27 OGDCL 0.5% SPO (21,505,000 shares)            2,360 Apr-07 General Public Thru Stock Exchange
28 UBL 25.0% GDR (202,343,752 shares)          39,540 Jun-07 GDR offering to international & domestic institutions
29 HBL 7.5% thru IPO (51,750,000 shares)           12,161 Oct-07 General Public Thru Stock Exchange
30 UBL 19.6% (241,921,931 shares)          38,224 Jun-14 Thru Stock Exchange
31 PPL 5% (70,055,000 shares)          15,342 Jun-14 Thru Stock Exchange
32 ABL (131,275,073 shares)          14,440 Dec-14 Thru Stock Exchange
33 HBL (609,317,135 shares)        102,365 Apr-15 Thru Stock Exchange
  Total        303,494    
Total Banking & Finance        344,517    
Energy Sector
34 Mari Gas (20%)               102 Apr-94 Mari Gas Company Ltd.
35 Kot Addu Power Company  (26%)            7,105 Jun-96 National Power
36 Kot Addu Power Company (10%)            3,046 Nov-96 National Power
37 Kot Addu (Escrow A/C)               901 Apr-02 National Power
38 SSGC LPG business               369 Aug-00 Caltex Oil Pak.(Pvt) Ltd.
39 SNGPL LPG business               142 Oct-01 Shell Gas LPG Pakistan
40 Badin II (Revised)               503 Jun-02 BP Pakistan & Occidental Pakistan
41 Adhi               619 May-02 Pakistan Oil Field
42 Dhurnal               161 May-02 Western Acquisition
43 Ratana                 25 May-02 Western Acquisition
44 Badin I             6,433 Jun-02 BP Pakistan & Occidental Pakistan
45 Turkwal                 76 Jun-02 Attock Oil Company
46 NRL (51% shares)          16,415 May-05 Consortium of Attock Refinery Ltd.
47 KESC (73% GOP shares)          15,860 Nov-05 Hassan Associates
48 NPCC (88% GOP shares) (1,760,000 shares)            2,517 Sep-15 Mansoor Al Mosaid Company
  Total          54,273    
Telecommunications
49 PTCL   (2%)            3,033 Aug-94 General Public Thru Stock Exchange
50 PTCL    (10%)          27,499 Sep-94 Through DR form
51 26% (1.326 billion) B class shares of PTCL        155,992 Jul-05 Etiselat UAE
52 Carrier Telephone Industries               500 Oct-05 Siemens Pakistan Engineering Co. Ltd.
  Total        187,024    
Industrial Units
Automobile
53 Al-Ghazi Tractors Ltd.               106 Nov-91 Al-Futain Industries (Pvt) Ltd. UAE
54 National Motors Ltd.               150 Jan-92 Biboo Jee Services
55 Millat Tractors Ltd.               306 Jan-92 EMG 
56 Baluchistan Wheels Ltd.               276 May-92 A. Qadir & Saleem I. Kapoorwala
57 Pak Suzuki Co. Ltd.               172 Sep-92 Suzuki Motors Co. Japan
58 Naya Daur Motors Ltd.                 22 Jan-93 Farid Tawakkal & Saleem I. Kapoorwala
59 Bolan Castings                 69 Jun-93 EMG 
  Total            1,102    
Cement
60 Maple Leaf Cement               486 Jan-92 Nishat Mills Ltd.
61 Pak Cement                189 Jan-92 Mian Jehangir Ellahi & Associates
62 White Cement               138 Jan-92 Mian Jehangir Ellahi & Associates
63 D.G Khan Cement            1,961 May-92 Tariq Sehgal & Associates
64 Dandot Cement               637 May-92 EMG 
65 Garibwal Cement               836 Sep-92 Haji Saifullah & Group
66 Zeal Pak Cement               240 Oct-92 Sardar M. Ashraf D. Baluch
67 Kohat Cement               528 Oct-92 Palace Enterprises
68 Dandot Works - National Cement               110 Jan-95 EMG 
69 General Refractories Limited                 19 Feb-96 Shah Rukh Engineering
70 Wah Cement            2,416 Feb-96 EMG 
71 Associated Cement Rohri               255 Nov-03 National Transport Karachi
72 Thatta Cement                794 Jan-04 Al Abbass Group
73 10% additional shares – Dandot Cement                   8 Oct-04 EMG
74 10% additional shares – Kohat Cement                 41 Oct-04 EMG
75 Mustehkam Cement Limited            3,205 Nov-05 Bestway Cement Limited
76 Javedan Cement Company Limited            4,316 Aug-06 Haji Ghani Usman & Group
  Total          16,177    
Chemical
77 National Fibres Ltd               757 Feb-92 Schon Group
78 Kurram Chemicals                 34 Feb-92 Upjohn Company USA
79 Pak PVC Ltd                 64 Jun-92 Riaz Shaffi Reysheem
80 Sind Alkalis Ltd               152 Oct-92 EMG 
81 Antibiotics (Pvt) Ltd                 24 Oct-92 Tesco (Pvt) Ltd.
82 Swat Elutriation                 17 Dec-94 Sahib Sultan Enterprises
83 Nowshera PVC Co. Limited                 21 Feb-95 Al Syed Enterprises
84 Swat Ceramics (Pvt) Limited                 39 May-95 Empeiral Group
85 Ittehad Chemicals               400 Jul-95 Chemi Group
86 Pak Hye Oils                  54 Jul-95 Tariq Siddique Associates
87 Ravi Engineering Limited                   5 Jan-96 Petrosin Products 
88 Nowshera Chemicals                 21 Apr-96 Mehboob Ali Manjee
89 National Petrocarbon                 22 Jul-96 Happy Trading 
90 National Petrocarbon (add’l  10% shares)                   2 Mar-02 Happy Trading 
91 Khuram Chemicals (additional 10%)                   6 Oct-03 Pfizer Pakistan
92 10% additional shares – Ittehad Chemicals                 26 Oct-04 EMG
  Total            1,643    
Engineering
93 Karachi Pipe Mills                  19 Jan-92 Jamal Pipe Industries
94 Pioneer Steel                   4 Feb-92 M. Usman 
95 Metropolitan Steel Mills Limited                 67 May-92 Sardar M. Ashraf D. Baluch
96 Pakistan Switchgear                   9 Jun-92 EMG 
97 Quality Steel                 13 Apr-93 Marketing Enterprises
98 Textile Machinery Co                 28 Oct-95 Mehran Industries
99 Indus Steel Pipe                 43 Jul-97 Hussien Industries
100 Heavy Electrical Complex            1,410 Jan-24 IMS Engineering (Pvt.) Ltd.
  Total            1,593    
Fertilizer
101 Pak China Fertilizers Company Limited               435 May-92 Schon Group
102 Pak Saudi Fertilizers Ltd. (90%)            7,336 May & Sep-02 Fauji Fertilizers
103 Pak Saudi Fertilizers Ltd. (10%)               815 Sep-02 Fauji Fertilizers Ltd.
104 Pak Arab Fertilizers (Pvt) Ltd. (94.8%)          14,126 May-05 Export Reliance- Consortium
105 Pak Amercian Fertilizers (100%)          15,949 Jul-06 Azgard 9
106 Lyallpur Chemical & Fertilizers               280 Feb-07 Al Hamd Chemical (Pvt) Limited
107 Hazara Phosphate Fertilizers Limited             1,340 Nov-08 Pak American Fertilizers 
  Total          40,281    
Ghee 
108 Fazal Vegetable Ghee                 21 Sep-91 Mian Mohammad Shah
109 Associated Industries               152 Feb-92 Mehmoob Abu-er-Rub
110 Sh Fazal Rehman                 64 Apr-92 Rose Ghee Mills
111 Sh Fazal Rehman (additional 10% shares)                   2 May-05 Rose Ghee Mills
112 Kakakhel Industries                 55 May-92 Mehmoob Abu-er-Rub
113 United Industries                 16 May-92 A. Akbar Muggo 
114 Haripur Vegetable Oil                 30 Jul-92 Malik Naseer & Associates
115 Bara Ghee Mills                 28 Jul-92 Dawood Khan
116 Hydari Industries               -      Aug-92 EMG 
117 Chiltan Ghee Mills                 43 Sep-92 Baluchistan Trading Co.
118 Wazir Ali Industries                 32 Dec-92 Treat Corporation
119 Asaf Industries (Pvt) Limited                 11 Jan-93 Muzafar Ali Isani
120 Khyber Vegetable                   8 Jan-93 Haji A. Majid & Co.
121 Suraj Vegetable Ghee Industries                 11 Jan-93 Trade Lines
122 Crescent Factories Vegetable Ghee Mills                 46 Jan-93 S. J. Industries
123 Bengal Vegetable                  19 Mar-93 EMG 
124 A & B Oil Industries Limited                 29 Mar-93 Al-Hashmi Brothers
125 Dargai Vegetable Ghee Industries                 26 Nov-97 Gul Cooking Oil Industries
126 Punjab Vegetable Ghee                 19 May-99 Canal Associates
127 Burma Oil                  20 Jan-00 Home Products International
128 E&M Oil Mills                 94 Jul-02 Star Cotton Corp. Ltd.
129 Maqbool Oil Company Ltd.                 28 Jul-02 Madina Enterprises
130 Kohinoor Oil Mills                 81 May-04 Iqbal Khan
131 United Industries Limited                   8 Sep-05 A. Akbar Muggo
  Total               842    
Mineral
132 Makerwal Collieries                   6 Jul-95 Ghani Group of Industries
Rice
133 Sheikhupura                 28 May-92 Contrast Pvt Ld.
134 Faizabad                 21 May-92 Packages Ltd.
135 Siranwali                 16 Jul-92 Enkay Enterprises
136 Hafizabad                 20 Sep-92 Pak Pearl Rice Mills
137 Eminabad                 24 Nov-92 Pak Arab Food Industries
138 Dhaunkel                 79 Jun-93 Dhonda Pakistan Pvt Ltd.
139 Mabarikpur                 14 Nov-93 Maktex (Pvt) Ltd.
140 Shikarpur                 33 Mar-96 Afzaal Ahmad 
  Total               236    
Roti Plants
141 Gulberg, Lahore                   9 Jan-92 Packages Ltd.
142 Peshawar                   3 Jan-92 Saleem Group of Industries
143 Head Office, Lahore                 10 Jan-92 Hajra Textile Mills
144 Hyderabad                   3 Jan-92 Utility Stores Corp.
145 Faisalabad                 12 Jan-92 Azad Ahmad
146 Bahawalpur                   2 Feb-92 Utility Stores Corp.
147 Multan                   3 Feb-92 Utility Stores Corp.
148 Quetta                   5 Feb-92 Utility Stores Corp.
149 Islamabad                   4 Mar-92 Utility Stores Corp.
150 Taimuria, Karachi                   9 Jun-92 Spot Light Printers
151 SITE, Karachi                   5 Sep-92 Specialty Printers
152 Multan Road, Lahore                   4 Dec-92 Utility Stores Corp.
153 Korangi, Karachi                   5 Apr-93 Utility Stores Corp.
154 Mughalpura, Lahore               -      Jun-96 Pakistan Railways
155 Gulshan-e-Iqbal, Karachi                 20 Mar-98 Ambreen Industries
  Total                 91    
Textile 
156 Quaidabad Woollen Mills                 86 Jan-93 Jehangir Awan Associates
157 Cotton Ginning Factory                   1 Jun-95 Hamid Mirza
158 Bolan Textile Mills               128 Oct-05 Sadaf Enterprises
159 Lasbella Textile Mills               156 Nov-06 Raees Ahmed
  Total               371    
  Total (all Industrial Units)          62,340    
Miscellaneous      
160 National Tubewell Construction Corp.                 19 Sep-99 Through Auction
161 Duty Free Shops                 13 Sep-99 Weitnaur Holding Ltd.
162 Republic Motors (Plot)                   6 Nov-99 Muhammad Mushtaq
163 Al Haroon Building Karachi               110 Sep-02 LG Group
164 International Advertising (Pvt) Ltd.                   5 Apr-05 EMG
  Total               153    
Newspapers
165 N.P.T Building               185 Oct-93 Army Welfare Trust
166 Mashriq – Peshawar                 27 Jun-95 Syed Tajmir Shah
167 Mashriq – Quetta                   6 Jan-96 EMG 
168 Progressive Papers Ltd.                  46 May-96 Mian Saifu-ur-Rahman
169 Mashriq – Karachi                   7 Aug-96 EMG 
  Total               271    
Tourism
170 Cecil's Hotel               191 Jun-98 Imperial Builders
171 Federal Lodges - 1- 4                 39 Jan-99 Hussain Global Assoc.
172 Dean's Hotel               364 Dec-99 Shahid Gul & Partners
173 Falleti's Hotel Lahore            1,211 Jul-04 4B Marketing
  Total             1,805    
Sale of Public Properties
174 Apartment 207-A at Centaurus Residencia, F-8/4, Islamabad - 2,642 sq.ft.            61.00 Apr-21 M/s Beacon Impex (Pvt.) Limited
175 Flat 06, 2nd Floor, Block 01, G-7/2, PHA Foundation Islamabad - 1,380 sq.ft.            15.25 Mar-21 Ms. Zainab Malik
176 Shop No. F-10 at Vouge Tower, MM Alam Road Lahore - 717 sq.ft.)            14.59 Jan-21 M/s Escorts Capital Limited
177 Shop No. UG-20 at Vouge Tower, MM Alam Road Lahore - 606 sq.ft.            16.26 Jan-21 M/s Escorts Capital Limited
178 Shop No. UG-21 at Vouge Tower, MM Alam Road Lahore - 509 sq.ft.            13.73 Jan-21 M/s Escorts Capital Limited
179 Land situated at Railway Phatok, Atawa Tehsil, Gujranwala - 8 Kanal            20.60 May-21 Mr. Adnan Hamid 
180 WAPDA leftover Building at 34-NiCholson Road, Lahore - 16 Marlas            92.00 Jun-21 Joint Purchasers: Mr. Shaheryar Rafiq 50% & Mr. Shahzad Rafiq 50%
181 ERRA  9 & 10 Marla, Mouza Makhnial, Pir Sohawa Haripur, KPK            19.20 Jan-22 Mr. Babar Aman Malik
182 FBR 15 Kanal land situated at Canal Bank Road, Faisal Town, Mouza Malik Pur, Manawala, Chak 203, Faisalabad          645.00 Nov-23 Kiran Builders & Developers (Pvt.) Ltd.
  Total          897.63    
  Total (Misc.)            3,127    
182 Total (1991 to January 2024)        651,280