Leading World Banks expressed interest in huge privatisation deals in Pakistan

Major global banks, including JPMorgan Chase & Co., CLSA and Credit Suisse Group AG, are poised to move in on the privatization of two state-owned LNG-fired power plants. “Citigroup Inc. and Standard Chartered Plc made their separate proposals, while Lazard Ltd. is pitching with Pakistani brokerage house. Pak Brunei Investment Co. is also pitching for a role on the power plant divestment. The government sources said it aims to complete the privatization of the power plants in the financial year ending on June 30.” The sale would be Pakistan’s largest privatization deal since 2006.