The government has successfully privatised the Heavy Electrical Complex (HEC), a power transformer manufacturing facility, by handing over the share certificates to the buyer M/S IMS Engineering (Pvt) Limited on Tuesday.
The buyer paid Rs1.4 billion for the 96.6% shares in the HEC and also took over additional liabilities of Rs 752 million payable to the Bank of Khyber. The bank issued an…
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News Source: profit.pakistantoday.com.pk
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