The Privatisation Board on Thursday was informed that 6 parties submitted statements of qualification for the revival of Pakistan Steel Mills and a prequalification committee was formulated to scrutinize the pre-qualified parties.
The pre-qualified parties are leading international investors of sound rating and it is welcoming that they expressed to invest for the revival of Pakistan Steel Mills.
The PC Board granted approval for pre-qualified investors/parties and a Virtual Data Room will be opened for pre-qualified bidders for their due diligence for a period of thirty days.
The meeting of the Privatisation Board was held under the chairmanship of Federal Minister for Privatisation, Mohammedmian Soomro, which was also attended by Federal Secretary Privatisation, Interior, board members and Chairman CDA.
The board deliberated and discussed the report pertaining to the prequalification of potential investors for the revival of Pakistan Steel Mills .
The matter relating to Jinnah Convention Center (JCC) was discussed in the meeting while representatives of the CDA were also present along with the Chairman CDA, it was decided that CDA will issue a consent letter to Privatisation (as directed by the Federal Cabinet) regarding the conversion of JCC land from amenity(ies) to Commercial.
