PC INVITES EOI FOR FINANCIAL ADVISOR FOR PRIVATISATION OF PAKISTAN STEEL MILLS CORPORATION

Islamabad, March 31, 2005

The Privatisation Commission (PC) has invited Expression of Interest (EOI) from reputable firms or consortiums of firms for pre-qualification to act as Financial Advisor (FA) for evaluating the privatisation potential of Pakistan Steel Mills Corporation (PSMC) and to lead its privatisation
process.

The last date for submission of (EOI) is April 15, 2005. The interested parties have been advised to submit EOIs along with a non-refundable processing fee of Rs.50,000 (Rupees fifty thousand only) or equivalent US dollars as soon as possible, enabling PC to send Request for Statement of  Qualification (RSOQ) for inviting Technical and Financial proposals from the parties submitting EOIs. The last date for receiving RSOQ is April 30, 2005.