2ND ROUND OF PRE-BID CONFERENCE FOR SALE OF FALETTI'S HOTEL AT LAHORE ON JANUARY 19, 2004 (MONDAY)

Islamabad, January 17, 2004

Privatisation Commission is holding the second Round of pre-bid conference for the prospective bidders for the sale of Faletti's Hotel, Lahore on 'as is where is' basis on January 19, 2004 (Monday) at Faletti's Hotel, Lahore. Sixteen parties who have submitted EOIs have been invited to attend the conference for better understanding of the transaction and the bidding process and to respond to the queries of the prospective bidders regarding the sale. The bidding date will also be announced after consultation with the prospective bidders in the pre-bid conference. The first Round of pre-bid conference was held at Islamabad on January 12, 2004 which was participated by 14 parties.

The parties include Export International, Karachi, 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 Millineum Group, USA, AMZ Securtites (Pvt) Limited, Karachi, Emirates Global Investment Limited, Sharjah, UAE, Al-Hamra Trading Co, Karachi and LYNX Trading SDN, BHD.

This prime property is ideally located in the business district, walking distance from commercial centers, the Mall, Railway and airport offices, the landmark building of the Assembly chambers, the national museum, botanical gardens, the zoo etc.

It has approximately total area of 68 kanals 11 marla 11 sq. ft. It has 44 large residential rooms, banquet hall, restaurant and facilities like tourist office, post office and travel and tour operating agencies.

The prospective bidders who have submitted EOI can only visit the site during working hours on any working day on prior appointment with the Privatisation Commission.