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A pre-bid meeting regarding the privatisation of Pak American Fertilizers
Limited (PAFL) is being held at Islamabad on Saturday February 11, 2006 at
Privatisation Commission Conference Room under the chairmanship of Dr. Abdul
Hafeez Shaikh Federal Minister for Privatisation & Investment. The meting is
being held to create better understanding of the transaction and the bidding
process, to respond to the queries of the prospective bidders and to finalise
the date of bidding, which is expected to be held during the current month.
Twenty eight (28) parities submitted _Expression of Interest (EOI) in response
to the advertisement made by Privatisation Commission. Out of them fourteen
(14) parties submitted Statement of Qualifications (SOQs). Thirteen (13)
parties were declared pre-qualified by the PC Board. All these thirteen (13)
parties were asked to carry out due diligence exercise. However, only eight
(8) parties turned up and completed due diligence. These eight (8) parties are
(i) Associated Group, Lahore (ii) Bestwary Cement Ltd, Islamabad (iii) Dawood
Hercules Chemicals Ltd, Lahore (iv) Ibrahim Fibres Ltd, Faisalabad (v)
Jahangir Siddiqui Capital Markets Ltd, Karachi, (vi) Kohinoor Textile Mills
Ltd & Associates, Lahore (vii) Nishat (Chunian) Ltd, Lahore (viii) Pak Arab
Fertilizers (Pvt) Ltd, Multan Pak American Fertilizers Limited (PAFL) is
located at Iskanderabad (Daudkhel), Distt: Mianwali and produces 1050 metric
tons of urea per day. PAFL is the subsidiary of National Fertilizer
Corporation of Pakistan (NFC). Japan Bank of International Cooperation (JBIC)
provided loan for setting up the fertilizer plant. The plant was commissioned
in 1999. Pakamerican Fertilizers (Private) Limited (PAFL) is the first
fertiliser manufacturing concern in Pakistan. It was established in 1959. The
old plant was closed down in 1997 and a new Ammonia/Urea Plant commenced
commercial production in 1999. The new plant is designed to produce 600
Ton/Day Ammonia and 1,050 Ton/Day urea using natural gas as feed and fuel.
Both plants have been designed by TOYO Engineering Japan. Ammonia plant is
under license from Kellogg International, USA, while urea plant is TEC's own.
The plants are latest in design and most modern. The company possesses over
11,481 Kanals of land, comprising 6,432 for Factory, 2,818 for Housing Colony
and 2,230 for experimental farm.