ISLAMABAD, Nov 17: All arrangements have been finalized by the Privatization Commission for the subscription of 5 per cent government shares in National Bank of Pakistan.

The subscription list of 18.65 million shares in NBP will open on Monday (Nov 19) at the commencement of the banking hours and will close on Thursday (Nov 22) at the closure of banking hours.

For broad basing the ownership, preference of allocation will be given to the smaller applications. Applicants have been asked to submit their applications for shares for 1000 or in multiples of 1000 shares only.

If the shares to be offered to the general public are sufficient for the purpose, all applications shall be accommodated and if the shares applied for are in excess of shares offered to them, the distribution shall be made by computer balloting in the presence of the representatives of Karachi, Lahore, Islamabad stock exchanges.

This is an ‘offer for sale’ of shares of the Bank by the Government of Pakistan of its 5 per cent shareholding in the Bank.—APP