ISLAMABAD, Oct 10: Federal Minister for Privatization and Investment Abdul Hafeez Shaikh has said that seventeen parties had submitted their Expressions of Interest (EoIs) for acquiring 51-74 per cent equity stakes in Pakistan Steel Mills Corporation (PSMC), together with management control on ‘as is where is’ basis.

Chairing a meeting here on Monday, the minister appealed to the business community to come forward and give a helping hand to the earthquake victims. “The whole nation must join hands setting aside all differences to ensure timely support in the disturbed areas with a spirit of unity and harmony for the rehabilitation of our brethren and for the reconstruction of the affected areas,” he added.

The meeting was informed that the 17 investors from Saudi Arabia, Russia, Ukraine, Kuwait, Switzerland, Czechoslovakia, Pakistan and other parts of the world have submitted their expressions of interest.

The parties which had submitted their EoIs include: Aljomaih Holding Company; Al-Tuwairqi Group of Companies; Aqeel Karim Dehdhi Securities (Pvt) Ltd; Arif Habib Securities Ltd; Glencore International AG; Government of Ras Al Khaimah; Hasan Associates (Pvt) Ltd; International Industries Ltd; International Mineral Resources AG; Jahangir Siddiqui Group Associates; Magnitogorsk Iron and Steel Works; Nishat Mills Limited; Noor Financial Investment Company; Pacific Chartering and Trading (Pvt) Ltd; Privilege of Sekyra Group; Shanghai Baosteel Group Corporation; and System Capital Management.