OUR STAFF REPORTER ISLAMABAD - The Privatisation Commission (PC) is inviting Expression of Interest (EoIs) from Lead Manager/Book Runner(s), for the secondary public offering of Pakistan Petroleum Limited (PPL) approximately 2.5 percent (21,105,688) shares through domestic stock exchanges. Presently, Government of Pakistan (GoP) holds 70.56per cent of PPL shares. The Interested Parties (IPs) have been advised to submit EOIs along with non-refundable processing fee of $2,500 or equivalent Pakistani Rupees containing no more than 15 pages, a statement of technical qualifications comprising experience of equity research, sales and distribution capabilities, commitment to Privatisation Programme, knowledge of the Oil and Gas Industry and PPL, advisory to entities for domestic & international listings, competence and commitment of the team. The Request For Proposal (RFP) package inviting Technical and Financial proposals would be dispatched/e-mailed to the IPs as and when EOIs are received. The last date for the submission of the Technical & Financial proposals is July 20, 2011. Pakistan Petroleum Limited (PPL) is a frontline supplier in energy sector, contributing almost 25 per cent of the countrys total natural gas supplies besides producing crude oil, natural gas liquid and liquefied petroleum gas. Its proven recoverable reserves are 2.87 TCF of natural gas, 14.8 bbl of oil/NGL and 316,000 tons of LPG. PPL is listed on all three Stock Exchanges in Pakistan. Lead Manager/ Book Runner(s) who has recognised equity sales and distribution capabilities and demonstrable track record of successfully managing and executing similar transactions will manage the Transaction. In addition to the public offer for sale, the appointed Lead Manager/ Book runner(s) may recommend other suitable capital market structural alternatives under the prevailing capital market conditions in order to maximise value extraction for GOP and bring long term benefits to PPL.