ISLAMABAD, Sept 3: The Privatization Commission has invited expressions of interest (EoIs) for the privatization of Pak-American Fertilizers Limited (PAFL). The commission has asked fertilizers and industrial companies, groups and consortium of investors to send their EoIs latest by October 10, 2005, an official announcement stated here on Saturday.

The interested parties have been also asked to submit their statement of qualifications (SoQs) providing information inter alia investor profile in term of ownership, net worth and business track record (audit account, staff strength, etc) for prequalification to participate in the privatization process of the company.

The EoI should accompany the required non-refundable processing fee. Request for statement of qualifications (RSOQs) will be available from the Privatization Commission on payment. Information memorandum, bid documents and timeframe for pre-bid conference and bidding date would be provided to pre-qualified parties only.

PAFL is an unquoted public limited company located at Iskandarabad (Daudkhel) and is at an hour driving from the main Mianwali city, Punjab. It is the wholly-owned subsidiary of National Fertilizers Corporation of Pakistan (Pvt) Limited with a designated production capacity of 1,050 tons per day.

The company was incorporated on December 15, 1959. The authorized, issued and paid-up share capital is 30 million ordinary shares of Rs100 each.

The plant is financed by the Japan Bank of International Cooperation (JBIC) and their long-term loan outstanding as on June 30, 2005 was Rs5.079 billion.