LAHORE, Oct 7: National Bank of Pakistan (NBP) will offer the third tranche of its shares for sale to the general public through stock market for sale on October 13-14 (Monday and Tuesday).

“The sale of 13.2 million shares is likely to be Rs604 million,” Masood Karim, Senior Executive Vice President of NBP said while speaking at a presentation arranged for the members of Lahore Stock Exchange (LSE) here on Tuesday.

Managing Director, LSE, Samir Ahmad, SEVP and Secretary NBP, S.M. Rafiq and representatives of lead managers of the Privatization Commission for the transaction were present on the occasion.

Masood Karim asserted that the per share offered price i.e. Rs46 was quite rational and according to the trends in the market.

The NBP official said that the per share price was approved by the Cabinet Committee on Privatization (CCoP).

NBP, established in 1949,has so far sold out its 20pc shares in two tranches since 2001.

—APP