+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Career (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=12)
+--- Thread: privatization of Habib bank........ (/showthread.php?tid=546)
privatization of Habib bank........ - aroon - 01-01-2004
what do u think that it would be profitable for govt. to privatize habib bank?
yo
- sagar - 01-01-2004
its clear that the Gov. will be suffering loss as Habab BAnk only was gaining 18%-19% of the total investment in the banking sector.
See privatization is jus like corruption.So its a big risk to privatize revenue generating factors.
sagZ
- zaidi_ali_hasan - 01-01-2004
hi;
yar i think govt. is not taking intrest in gaining money by managing these banks or companies like pso & others. govt. just want private sector to manage all these co.s and increase business in private sector to let govt. earn some revenue.... and i could also booost forieng investment.
aliz
- jbladeus - 01-01-2004
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!
- CBPian - 01-03-2004
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
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!
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
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