Govt. to Establish Private Limited Company for Construction of Bhasha Dam

48% Shares of the Company will be with General Public and 52% Shares will be with the Government of Pakistan.

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The Government of Pakistan has taken a policy decision of establishment of a Private Limited Company for constriction of  Bhasha Dam and provincial governments will be taken into confidence in coming days.

The PTI led government decided to offer 48% shares of the company to general public, whereas 52% shares will remain with the Govt. of Pakistan.

Shares will be offered for sale through Pakistan Stock Exchange and through other financial institutions. Overseas Pakistanis will also be able to buy shares and profit ratio for overseas Pakistanis will be different to encourage investment from overseas.

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Also Read: Tough for overseas Pakistanis to provide $1,000 each for dams

The individual share value under consideration for local resident Pakistanis, is Rs.500 and Rs.1000. The local share holders will be rewarded gains/profit on their shares in shape of units in their electricity bills on monthly and quarterly basis.

The PTI led government decided to offer 48% shares of the company to general public, whereas 52% shares will remain with the Govt. of Pakistan.

Profit ratio for local resident Pakistanis will be 100% whereas it will be 150% for overseas Pakistanis. Profit to overseas Pakistanis will be paid in US Dollar.

The Federal Government is confident that by sale of shares in open market by establishing a private limited company, it will be able to raise 1200 billion rupees. The government is prioritising maximum sale of shares to overseas Pakistanis, to get foreign investment. this will also improve the condition of foreign exchange reserve.

(This news/article originally appeared in Return News on September 11th, 2018)

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