The Privatisation Commission has approved the transaction structure and restructuring framework for the planned privatisation of Zarai Taraqiati Bank Limited (ZTBL), marking a significant step forward in the government’s broader divestment agenda.

The approval was granted during the 251st meeting of the Privatisation Commission Board, chaired by Muhammad Ali. After detailed deliberations, the board endorsed the proposed structure aimed at maximizing value for the Government of Pakistan and improving the bank’s investment appeal.

The approved recommendations will now be forwarded to the Cabinet Committee on Privatisation for final review and decision. Officials said the move underscores the government’s commitment to carrying out privatisation in a structured, transparent, and value-driven manner.

ZTBL, a state-owned development finance institution, plays a key role in providing agricultural credit and financial support to the farming sector across Pakistan. The planned restructuring is intended to enhance operational efficiency and make the institution more attractive to potential investors ahead of its divestment.

In a separate update, the Privatisation Commission clarified that restructuring plans and transaction structures for three power distribution companies — Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO) — had already been approved in an earlier meeting held on April 14, 2026.

The commission added that these proposals will also be presented to the Cabinet Committee on Privatisation, after which Expressions of Interest will be invited for the first phase of DISCO privatisations. The process is expected to pave the way for increased private sector participation in Pakistan’s power distribution sector.