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Four parties participated in the pre-bid meeting held here today under the
chairmanship of Shaikh Ikramullah Secretary Privatisation Commission for the
sale of minimum of 90% shares of Hazara Phosphate Fertilizers Ltd (HPFL). The
pre-bid meeting discussed the process of the privatisation of HPFL and
responded to the queries of the prospective bidders.
The Privatisation Commission had received nine Expressions of Interest (EOI)
from prospective investors (fertilizers companies, industrial companies and
groups, investors / consortium of investors for the sale of minimum of 90%
shares of Hazara Phosphate Fertilizers Ltd (HPFL), owned by National
Fertilizers Corporation of Pakistan (NFC), located at Haripur (NWFP) - 75 km
from Islamabad while only eight parties were pre-qualified for the
transaction. The factory is situated on 57 acres on developed land and
includes factory, housing and other amenities.
The parties, which participated in the pre-bid meeting include 1- Al-Tuwairqi
Group of Companies, Karachi, 2-Chanar Sugar Mills Limited, Lahore, 3-Regal
Food Products Ltd UK facilitators: TN Associates, Islamabad and 4-WARBLE (Pvt)
Limited (Allahdin Group of Companies), Lahore.
HPFL produces 90,000 metric tons per annum of Granular Single Super Phosphate
(GSSP) and 30,000 metric tons per annum of Sulphuric Acid required for the
production of GSSP. The plant was rehabilitated and re-commissioned in April
1999.