ISLAMABAD, Oct 10: The government is offering 3.2pc (13.13 million) additional shares of National Bank of Pakistan (NBP) to the public through the third offer for sale of the bank’s shares.

According to a handout issued here on Friday the offer price has been fixed at Rs46 per share with the approval of the Cabinet Committee on Privatization (CCoP). Preference of allocation shall be given to the applicants for 500 shares.

The subscription will open for three days from Monday October 13, 2003, which will remain open on Tuesday October 14, 2003 and will conclude on October 15, 2003 at the designated branches of National Bank of Pakistan, Habib Bank Limited, United Bank Limited, Muslim Commercial Bank, Allied Bank Limited, Bank Al-Habib Limited, First Women Bank Limited, PICIC Commercial Bank, Habib Bank A.G. Zurich, Prime Commercial Bank and Union Bank.

Application forms and offer for sale documents are available at branches of the banks, from Elixir Securities and Taseer Hadi Khalid and Co. (co-Lead Mangers), from the Karachi, Lahore and Islamabad Stock Exchanges.

Interested individuals/parties may submit complete application forms, along with attested copy of national identity card and a cheque for the required amount, at the designated banks during banking hours on the subscriptions dates.