PC TO ANNOUNCE FRESH DATE FOR BIDDING OF HAZARA PHOSPHATE SHORTLY

Islamabad, June 18, 2007

Bidding scheduled for the sale of Hazara Phosphate & Fertilizers Limited located at Haripur (NWFP) – 75 km from Islamabad has been postponed by the Privatisation Commission on bidder request as one of the interested parties could not ensure participation today due to some unforeseen circumstances. The Privatisation Commission considered it necessary to extend the date because only two parties had deposited earnest mony within the stipulated period. The Commission will be shortly announcing a fresh date for the bidding.