01-03-2004, 07:13 AM
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Somethings are more than just profits and losses.
The privatization of HBL will improve the overall governance and will create a sense of emancipation in the private sector. Privatizing big time companies also creates a positive image of the country in the eyes of the foreign investor. I guess that the government is ready to absorb short-term losses suffered through privatization of HBL and instead is hoping to reap its long-term benefits to the economy.
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Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!
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Agreed.
But my friend the whole bidding process was handled in such a hurry was surprising.
The offer of AKED was perhaps a little more than the counter party and it was surprising that govt. closed the deal when the lawyer of the counter-bidder (i m forgetting the name -a middle east company) told the press that they were ready to participate in second round for a better price.
... anyway MCB is a good example of improved services after privatisation. I hope it happens with HBL as well. (I am still confused as to the total price of the sale....its so low!!!!! )LOL
Somethings are more than just profits and losses.
The privatization of HBL will improve the overall governance and will create a sense of emancipation in the private sector. Privatizing big time companies also creates a positive image of the country in the eyes of the foreign investor. I guess that the government is ready to absorb short-term losses suffered through privatization of HBL and instead is hoping to reap its long-term benefits to the economy.
________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!
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Agreed.
But my friend the whole bidding process was handled in such a hurry was surprising.
The offer of AKED was perhaps a little more than the counter party and it was surprising that govt. closed the deal when the lawyer of the counter-bidder (i m forgetting the name -a middle east company) told the press that they were ready to participate in second round for a better price.
... anyway MCB is a good example of improved services after privatisation. I hope it happens with HBL as well. (I am still confused as to the total price of the sale....its so low!!!!! )LOL
