ISLAMABAD, Jan 12: Privatization Commission held the first round of pre-bid conference for the prospective bidders for the sale of Faletti's Hotel, Lahore on "as is where is" basis here Monday under the chairmanship of Ahmad Waqar, secretary, Privatization Commission.

The representatives of fourteen parties who had submitted EOIs attended the conference for better understanding of the transaction and the bidding process. The meeting decided to hold a second round of the pre-bid conference at Lahore next week.

The bidding date will also be announced after consultation with the prospective bidders in the said round of the pre-bid conference. The parties include Popular Contracting, Sialkot; Afzal & Co, Peshawar; Mohammad Khalid Randhawa, Islamabad; Associated Builders (Pvt) Limited, (Hashoo Group), Karachi; Hashwani Hotels Ltd, Islamabad; Shahid Gul & Company, Karachi; Haji Saifullah & Group, Islamabad; Bahria Town (Pvt) Limited, Rawalpindi; Tourism Promotion Services (Pakistan) Limited Karachi; TasHeel Group of Saudi Arabia; Hilton Millennium Group, USA; AMZ Securities (Pvt) Limited, Karachi; Emirates Global Investment Limited, Sharjah, UAE and LYNX Trading SDN, BHD of Malaysia.-APP