ISLAMABAD, Nov 1: The Privatization Commission has received only 12 Statements of Qualifications (SoQs) out of 27 parties which had submitted EoIs for acquiring 90 per cent equity stake of Pak American Fertilizers Ltd (PAFL).
The PAFL is an unquoted public limited company wholly owned subsidiary of National Fertilizer Corporation of Pakistan (Pvt) Limited.
Following parties had submitted SoQs: 1. Noor Financial Investment Company, Kuwait, 2. Kohinoor Textile Mills and Associates, Lahore, 3. Sapphire Textile Mills, Lahore, 4. Descon Engineering Limited, 5. Dawood Hercules Chemicals Ltd, Lahore, 6. Yunus Brothers, Karachi, 7. Jahangir Siddiqui Capitals Markets Ltd, Karachi, 8. Investment and Development Office of Government of Ras Al Khaimah, 9. Associated Group, Lahore, 10. Nishat Chunian Limited, Lahore, 11. National Logistic Cell, Rawalpindi and 12. Pakarab Fertilizers (Pvt) Ltd, Multan.
The bidding for the project is scheduled in the first quarter of 2006.
