South Punjab Forest Company (SPFC) has extended the deadline for submission of bids from September 15, 2017 to October 02, 2017. The deadline has been extended upon the directions of the Board of Directors (BoD) of SPFC to facilitate investors. On October 02, 2017, the technical bids shall be opened at 1500 hours PST in presence of bidders or their authorized representatives. Financial proposal of technically qualified bidders will be opened later on.
According to Tahir Rasheed, CEO, SPFC, "The deadline has been extended to facilitate the investors." "I urge the national and international investors to benefit from the opportunity offered by the Government of Punjab. SPFC offers a golden opportunity to the prospective investors to undertake afforestation and range management activities for 15 years. We hope that the initiative will help to meet the demands of the wood-based industry and fully believe that it will contribute to save the natural forests of Pakistan," he added. SPFC is a Punjab government entity, established as a Public Sector Company under section 42 of the Companies Ordinance, 1984.