ISLAMABAD, May 21: The Privatization Commission on Wednesday extended the deadline for expressions of interest in Habib Bank until June 30.

The Privatization Commission is proceeding with the privatization of Habib Bank by the intended sale of a minimum stake of 26 per cent up to 51 per cent of its shareholding along with management control of the bank.

The commission has asked the interested parties to submit statement of qualification (SoQ) latest by July 31, 2003. The Privatization Commission had earlier invited the EoI by May 31, but upon receiving requests from the potential investors, it has decided to extend the date to receive EoI by June 30, 2003, to provide sufficient time to the participants.—APP