The committee comprising advisor to Prime Minister on Finance, Dr Salman Shah, State Bank of Pakistan's (SBP) Governor Dr Shamshad Akhtar and Privatisation Minister Zahid Hamid will hold country shows in UK, Malaysia, Singapore and at least two other important countries to attract foreign investors for the GDRs.
The second committee will be headed by Petroleum Minister Amanullah Khan Jadoon and would consist of OGDC experts and the officials of the ministry for holding company shows abroad.
Sources said the committees have been asked to prepare a comprehensive plan to hold the country and the company road shows at selected destinations for creating better understanding among foreign investors for Pakistan's major initiative of generating money from the international market through OGDC's GDRs.
Sources said the committee responsible of holding country road shows will give an overall view of Pakistan's economic growth achieved during the last few years through presentations and its strategy for the future to maintain the current pace of progress and prosperity. The committee will give presentations to the participants of the road shows on Pakistan's growing share in the international market and sectoral growth since 1999.
The second segment--company shows--will cover OGDC's financial strength and future exploration and production programme. The committees will complete the entire road shows process by August 31. This will be followed by road shows at home for OGDC public offering.
The government has a two-pronged strategy for OGDC offering. One will cover GDRs in the international market, and the other for public offering at home.
Sources said the Privatisation Commission has begun due diligence for the investors. It has made the data of the company available to the investors for their assessment.
As part of the GDRs offering, OGDC will be listed at London Stock Exchange and the consultant for the transaction was busy in making the arrangements for it.