HONG KONG, June 11 Pakistan set the floor price
for its sale of shares in United Bank at 155 rupees, a
source with direct knowledge told Reuters on Wednesday, as the
cash-strapped government seeks to raise funds by selling assets.
That minimum price represents a 9 percent discount to
Tuesday's closing price of 170 rupees. The deal could raise up
to $423 million for the government.
The deal's pricing indicates that the privatisation of
United Bank is going ahead ahead despite Tuesday's attack on a
security academy at Karachi airport that killed more than 30
(Reporting By S. Anuradha of IFR and Saeed Azhar, writing by
Lawrence White; Editing by Simon Cameron-Moore)