|
|
|
|
|
The Privatisation Commission is all set to hold bidding for the sale of
machinery of Bolan Textile Mills on September 15, 2005 (Thursday) at
Islamabad. It is a project of Iran Pakistan Industries (Pvt) Ltd (IPI)
situated at Baleli (near Quetta Airport), District Quetta, Baluchistan.
The machinery of Bolan Textile Mills (Spinning, Weaving, Processing and
Auxiliaries) is being offered on an "as is where is" basis through a
competitive process. The machinery is a part of fully integrated unit of
50,000 spindles, 1,100 looms with complete dyeing and finishing facilities of
around 80,000 meters per day production capacity of variable widths ranging
from 36" to 96". The plant started production in January 1980 but was closed
down in 1983.
The bidding documents for the sale of assets on 'as is where is basis' were
made available to the parties who submitted EOIs with the required
non-refundable processing fee.
The Privatisation Commission received 26 Expression of Interest (EOI) from the
interested parties. All of them have been asked to deposit the required
earnest money by September 9, 2005 to become eligible for participating in the
bidding process.