ISLAMABAD, Nov 1: The Privatization Commission has received 12 Statements of Qualifications (SoQs) from potential investors for the privatization of Pakistan Steel Mills Corporation (PSMC), says a press release issued here on Tuesday.

Earlier 19 parties had submitted Expressions of Interest (EoIs) in response to the Privatization Commission invitation for acquiring 51-75 per cent equity stake of PSMC.

SoQs were issued to all the 19 parties who had submitted EoIs. However, only 12 SoQs had been received from following parties: 1. Al-Tuwairqi Group of Companies, Kingdom of Saudi Arabia, with Arif Habib Group of Companies, Pakistan, 2. Magnitogorsk Iron and Steel Works, Russia, 3. Noor Financial Investment Company, Kuwait, 4. Shanghai BaoSteel Group Corporation, China, 5. Investment and Development Office of Government of Ras Al Khaiman, United Arab Emirates, 6.International Mineral Resources, Switzerland, 7. Aljomaih Holding Company, Kingdom of Saudi Arabia 8. International Industries Ltd, Karachi, 9. Hasan Associates (Pvt) Ltd, Karachi, with Med-Europe Commodities Internationals, a.I, 10. Privilege Developers (Pvt) Ltd with SEKYRA a.s, Czechoslovakia, 11. Aqeel Karim Dhedi Securities (Pvt) Ltd, Karachi, and 12. Nishat Mills Limited, Lahore.

The process of pre-qualification had already been commenced.