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The Privatisation Commission (PC) has received seventeen (17) Expression of
Interest (EOI) from parties interested in the purchase of the Blocks 'A' & 'B'
land owned by Pakistan Engineering Company Limited (PECO), (Badami Bagh
Works), Lahore, on an "AS-IS-WHERE-IS" basis through competitive bidding
process. This includes ten (10) parties for Block 'A' and seven (7) parties
for Block 'B' land.
PC has offered the interested parties to participate in the bidding process
for purchase of the land at Badami Bagh, Lahore. The property has been offered
in two (2) lots namely Block A (159 Kanals, 07 Marlas and 207 Sq.ft.) and
Block B (100 Kanals 12Marlas and 144 sq.ft). The plot 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. The Badami Bagh timber market is also in close
proximity of the site.
The parties interested in purchase of Block 'A' PECO land include 1. Aqeel
Karim Dhedhi Securities Pvt Ltd, 2. Bara Ghee Mills, 3. Kohinoor Oil Mills
Ltd, 4. M. Jamil Khan (Hino Rawalpindi Motors), 5. Maghrib Development Corp.
Pvt Ltd, 6. Professional Associates & Dave Cross Architects, 7. Nawaz Khan
Trading Company, 8. Sadaf Enterprises, 9. Seatrade Group and Sukh Chayn
Gardens (Pvt) Ltd. While seven parties have shown their interest in the
purchase of Block 'B' of PECO land, which include 1. Barister Khawaja Tahseen
/ Asim Siddque Butt 2. Bara Ghee Mills, 3. Kohinoor Oil Mills Ltd, 4. M. Jamil
Khan (Hino Rawalpindi Motors), 5. Nawaz Khan Trading Company, 6. Sadaf
Enterprises (Ship Breakers & Importers) and 7. Sukh Chyan Gardens (Pvt) Ltd.
The final date for bidding will be shortly announced and conveyed to the
parties participating in the process.