PC OFFERS PECO LAND FOR SALE

Islamabad, April 15, 2005

The Privatisation Commission has invited Expression Of Interest (EOI) from the interested parties to participate in the bidding process for purchase of the land at Badami Bagh, Lahore owned by Pakistan Engineering Company Limited (PECO), (Badami Bagh Works), Lahore, on an "AS-IS-WHERE-IS" basis through the competitive bidding process.

The area of PECO Badami Bagh land is situated in the South of Lahore Railway station and in the North of Badami Bagh Railway station. This is a commercial area, accessible by roads and railway siding. The site is ideally located in the heart of thriving steel market of Badami Bagh, essentially a single commodity market of mainly steel and steel related business. This  site is also in the vicinity of Badami Bagh timber market.· The land being offered:

Khasra No.'s Kanal Marla Sq. Feet
3809, 3810, 3811, 3812, 3813, 3814, 3820, 3821, 3822, 3823, 3824, 3825,
3825/1, 2834, 2835, 2840, 2841, 2842, 2845, 2846, 2847 & 2848.
(22) 116 2 176

Khasra No.'s Kanal Marla Sq. Feet
3827 & 3828 (2) 2

Khasra No.'s Kanal Marla Sq. Feet
2900, 2902/20, 2906, 2907, 2910 & 2912 (6) 22 4 126

Khasra No.'s Kanal Marla Sq. Feet
2837 & 2838 (2) 1 3 222

Khasra No.'s Kanal Marla Sq. Feet
2822, 2823, 2824, 2825, 2826, 2827, 2828, 2830, 2832, 2833, 2839, 2842/1,
2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869,
2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881,
2882, 2883, 2884, 2884/1, 2885, 2886, 2908, 2909, 3815, 3816, 3817, 3818 &
3819. (49) 129 2 112

Total measurements (Total Khasra nos. 81) Kanal268 Marla15 Sq. Feet186

Interested parities have been asked to send their Expression of Interest (EOI) along with non-refundable processing fee of Rs. 15,000 only (Rupees fifteen thousand only) latest by 15:00 hours on Monday 9th of May 2005. Interested parties submitting EOIs will be provided a summary profile free of cost from the Privatisation Commission and they will be given opportunity to visit the site on any working day on prior appointment with the  Privatisation Commission. Following pre-qualification of the prospective bidders a pre-bid conference will be held to facilitate a better understanding of the transaction, bidding process and to respond to the queries of the prospective bidders at the Privatisation Commission,  Islamabad immediately after the receipt of EOIs.