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The Privatisation Commission is inviting Expressions of Interest (EOI) from
prospective investors (fertilizers companies, industrial companies and groups,
consortium of investors who can demonstrate their ability to efficiently run
the company) in the privatization of Pak American Fertilizers Limited (PAFL).
Pak American Fertilizers Limited (PAFL) is an unquoted Public Limited Company
wholly owned subsidiary of National Fertilizer Corporation of Pakistan (Pvt)
Limited. PAFL was incorporated on December 15, 1959. The authorized, issued
and paid up share capital is 30 Million ordinary shares of Rs. 100/- each. The
plant is financed by Japan Bank of International Corporation (JBIC) and their
long- term loans outstanding as on June 30, 2005 are Rs. 5,079,409,547.
The plant with a designed production capacity of 1,050 metric ton per day is
located at Iskandarabad (Daudkhel), District Mianwali about an hour drive from
Mianwali city. The principal line of production of the company is Urea
fertilizer. Summary Profile, giving salient features of PAFL, is available
free of cost from the Privatisation Commission.
PC has asked the interested parties to send Expression of Interest latest by
10th October, 2005 for pre-qualification to participate in the privatisation
process of Pak American Fertilizers, along with Statement of Qualifications (SOQs)
providing information inter-alia investor profile in terms of ownership, net
worth and business track record (audited accounts, staff strength, etc). The
EOI should accompany the required non-refundable processing fee. Request for
Statements of Qualifications (RSOQ) will be available from the Privatisation
Commission on payment. Information Memorandum, Bid Documents, and Time Frame
for the Pre Bid conference and bidding date will be provided to pre-qualified
parties only.