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The Privatisation Commission is holding bidding in the presence of the
representatives of the print and electronic media on Thursday (July 20, 2006)
at 10 a.m. at Best Western Hotel, Islamabad. The sale is on ‘as is where is’
basis of the assets including plant, machinery and equipment of Lasbella
Textile Mills (LTM), project of Iran Pakistan Industries (Pvt) Limited (IPI)
situated at Uthal, District Lasbella, Balouchistan.
The machinery is part of fully integrated units of 50,000 spindles and 1100
looms with complete dyeing and finishing facilities. The plant was set up in
1976 and it started production in January 1980 but was closed down in 1983.