ISLAMABAD, May 30: The Privatisation Commission (PC) has received expressions of interest (EoI) from 36 investors, consortiums of investors for acquisition of Pakistan Tourism Development Corporation’s 26 motels and restaurants through a competitive bidding process.
According to a press release, PTDC motels and restaurants are being privatised to promote tourism, improve quality of service and foster competition, which were divided into 12 groups.
The parties which have filed EoIs for Group 1 (Barseen, Besham, Chatter Plain) are: PACE Pakistan, Swat Continental Hotel, Serena Hotel, KASB Capital, M/s Syed Tasneem Hussain Naqvi, Hashoo Group, Pakistan Private Equity Management Ltd, and Petrosin Engineering.
For Group 2 (Khaplu, Satpara, Astak) seven parties filed EoIs, namely Serena Hotel, KASB Capital, National Group of Industries, M/s Syed Tasneem Hussain Naqvi, Hashoo Group, Pakistan Private Equity Management Ltd, and Petrosin Engineering.
For Group 3 (Gupis, Phandar, Rama Lake) seven parties filed EoIs, namely Serena Hotel, KASB Capital, National Group of Industries, M/s Syed Tasneem Hussain Naqvi, Pakistan Private Equity Management Ltd, Petrosin Engineering and Target Communications. For Group IV (Gilgit, Hunza, Sust) eleven parties filed EoIs, namely PACE (Pakistan) Ltd, Karakurum International University, Serena Hotel, KASB Capital, National Group of Industries, M/s Syed Tasneem Hussain Naqvi, Sardar Builders, Hashoo Group, Ittehad Steel Industries, Pakistan Private Equity Management Ltd, and Petrosin Engineering.
For Group V (Bamburet, Birmoglasht, Chitral) 11 parties filed EoIs, namely Serena Hotel, KASB Capital, Al-Khalil Enterprises, Sunfort Hotel, Aurangzeb Khan, M/s Syed Tasneem Hussain Naqvi, Hashoo Group, Pakistan Private Equity Management Ltd, Contech International, Petrosin Engineering Pvt Ltd and Peshawar Pipes.
For Group VI (Bunni, Mastuj) seven parties filed EoIs, namely Serena Hotel, KASB Capital, Sunfort Hotel, M/s Syed Tasneem Hussain Naqvi, Hashoo Group, Pakistan Private Equity Management Ltd and Petrosin Engineering.
For Group VII (Chakdara, Panakot) eight parties filed EoIs, namely Serena Hotel, Ghulam Faruq, KASB Capital, Dr. Hidayat Rehman and Ayub Khan, Nasir Hussain, M/s Syed Tasneem Hussain Naqvi, Pakistan Private Equity Management Ltd and Petrosin Engineering Ltd.
For Group VIII (Saidu Sharif, Baffar) 11 parties filed EoIs, namely PACE (Pakistan) Ltd., Swat Continental Hotel, Serena Hotel, Khalid Khan, Caravan Motors, KASB Capital, M/s Syed Tasneem Hussain Naqvi, Sardar Builders (Pvt) Ltd, Hashoo Group, Pakistan Private Equity Management Ltd and Petrosin Engineering Pvt Ltd.
For Group IX (Khuzdar, Taftan) six parties filed EoIs, namely Saleem & Co, Serena Hotel, KASB Capital Ltd, M/s Syed Tasneem Hussain Naqvi, Pakistan Private Equity Management Ltd, Petrosin Engineering Pvt Ltd.
For Group X (Ayubia) 21 parties filed EoIs, namely PACE Pakistan Ltd, BNP (Private) Limited, Sheikh Allaudin, Serena Hotel, Carvan Motors, KASB Capital, TASS Associates, Sunfort Hotel, National Group of Industries, Abdul Rehman K. Abbasi and Associates, M/s Syed Tasneem Hussain Naqvi, Khyber International, ITHFZ Mills Ltd, Sardar Builders (Pvt) Ltd, Hashoo Group, Ittehad Steel Industries, Mian Ilyas Meraj, Pakistan Private Equity Management Ltd., Petrosin Engineering Pvt Ltd., Gerry’s Travels & Holidays and Nizam Din and Sons (Pvt.) Ltd.
For Group XI (Katas), nine parties filed EoIs, namely PACE (Pakistan) Ltd., Serena Hotel, KASB Capital Ltd, Sunfort Hotel, Jamil and Co., M/s Syed Tasneem Hussain Naqvi, Sardar Builders (Pvt) Ltd, Dhan Cement Industries (Pvt) Ltd, Pakistan Private Equity Management Ltd.
For Group XII (Hawkesbay), 11 parties filed EoIs, namely PACE (Pakistan) Ltd., BNP (Private) Limited, Serena Hotel, KASB Capital, M/s Syed Tasneem Hussain Naqvi, Hashoo Group, Pakistan Private Equity Management Ltd., Petrosin Engineering Pvt Ltd., Gerry’s Travels and Holidays, Nizam Din and Sons (Pvt.) Ltd and Saleh and Sons.
