ISLAMABAD- A team of senior officials and consultants headed by Secretary Privatisation Commission (PC) Ahmad Jawad on Thursday provided each and every detail to the potential buyers in a pre-bid meeting of six pre-qualified bidders, and responded to their queries regarding transaction of Hazara Phosphate Fertilizers Limited (HPFL). The pre-qualified bidders for the acquisition of minimum of 90% shares of HPFL along with management control was held under the chairmanship of Secretary Privatisation Commission here, stated an official release issued here. Six pre-qualified parties participated in the pre-bid moot who have already carried out their independent due diligence of the transaction including (i) Afzal Motors (Pvt) Limited, (ii) Consortium of Akbar Brothers, (iii) Consortium of Khawaja Bashir Ahmed Group, (iv) Consortium of Kissan Chemicals & Fertilizers Limited, (v) Pak-American Fertilizers Limited and (vi) Warble (Pvt) Limited. The pre-bid moot was conducted to create better understanding of the transaction and the bidding process and to respond to the queries of the potential bidders. The transaction manager and PC officials replied the points, raised during the meeting.   The PC had invited EOIs from prospective investors i.e. companies or consortia engaged in manufacturing or engineering business who can demonstrate the ability to own and efficiently manage and operate the company. The plant is located at Haripur (NWFP) - some 75km from Islamabad. The factory is situated on 57 acres of developed land and includes plant, housing and ancillary facilities. Expression of Interest (EOI) was advertised in November 2007. Eleven parties submitted EoIs out of which nine parties submitted the Statement of Qualification documents (SOQs) National Fertilizer Corporation of Pakistan (Private) Limited (NFC) owns Hazara Phosphate Fertilizers (Private) Limited. HPFL is a state-owned private limited company, registered under the Companies Ordinance 1984. The authorized share capital of the company is Rs 200 million divided into 20 million ordinary shares of Rs 10 each whereas the issued, subscribed and paid up capital of the company is Rs 191.432 million comprising 19.143 million ordinary shares of Rs 10 each. National Fertilizer Marketing Limited (NFML) is currently carrying out marketing of the product of HPFL. The Purchaser shall, however, be free to market the product using its own arrangement. The Government of Pakistan in order to encourage use of Phosphate Fertilizers is currently providing a subsidy of Rs 204 per bag from 1st July 2007. To improve the profitability of HPFL, the Federal Government and the Government of NWFP are endeavoring to make available local phosphate rock as raw material through enabling environments for the private sector mining companies.