ISLAMABAD, Nov 28: Most of the transactions targeted for privatisation are progressing satisfactorily and according to the schedule, says a spokesman of the Privatisation Commission.

Referring to a Dawn report published on Wednesday he clarified that all transactions mentioned in the report were at advanced stage and likely to be completed within the financial year 2007-08.

He said that the GDRs for listing shares of NBP, HBL and Kapco in the international market were progressing satisfactorily, while a financial advisory services (FAS) agreement for the privatisation of SME Bank was signed between the PC and the financial advisors, who were in the process of restructuring the transaction.