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Bidding for

BEL shares

on 15th

ISLAMABAD: The bidding for 26 percent shares of Bankers Equity Limited (BEL) will be held on April 15 (Monday) at Privatisation Commission.

The house of prudential, LTV Modaraba, Guardian Leasing/Cres Bank, Galadari Group and Islamic Investment Bank are the five qualified parties to take part in the bidding of BEL which has 18 branches in Pakistan with its headquarters in Karachi.

Banker's Equity Limited (BEL), a development bank, is owned by the State Bank of Pakistan and was established in 1979.

The assets of BEL are estimated to be Rs 14.9 billion with deposits of Rs 5.1 billion and capital reserves of Rs 1.3 billion as at June 30, 1995.

Meanwhile, the auction of Mashriq Lahore, Pak-Saudi Fertilizers Company Limited and piece of land belonging to Pakistan Engineering Company is also expected to be held on April 15.-PPI