ISLAMABAD: The Supreme Court on Wednesday declared the Habib Bank Limited (HBL) privatisation lawful saying under the best global practices the government had transferred the bank’s ownership in a transparent manner to Aga Khan Fund for Economic Development (AKFED) as successful bidder.
Earlier, some petitions filed against the privatization of HBL were disposed of by a three-member bench of the apex court headed by Justice Tassaduq Hussain Jillani, who announced a short order in the matter on November 29, 2011.
via www.thenews.com.pk.
Ismailimail 