ISLAMABAD: In a Rs105 billion transaction, the government on Wednesday approved swapping of its ownership in Pakistan Security Printing Company (PSPC) to State Bank of Pakistan (SBP) against full control of Zarai Taraqiati Bank Ltd (ZTBL) to meet a commitment made with the International Monetary Fund (IMF).

The Cabinet Committee on State-Owned Entities (CCoSOE), at a meeting presided over by Finance Minister Muhammad Aurangzeb, approved the proposed transaction and declared Pakistan Railways as “strategic and essential” for retention in the government’s hands.

National Security Printing Company (NSPC) used to be a government-owned entity under the Ministry of Finance to print all government documents until the last........

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