PTCL Maintains May 31 Deadline for Property Sale EOIs Submission
Our Correspondent:
Islamabad: Pakistan Telecommunication Company Limited (PTCL) has maintained May 31 deadline for Property Sale Expression of Interests (EOIs) submission.
PTCL is moving ahead with the scheduled sale of one of its prime properties located on I.I. Chundrigar Road, Karachi. The company had recently invited bids from investors for the asset, and the bidding process will conclude on May 31, 2025, as originally announced. Given the strong interest and overwhelming investor response, PTCL has confirmed there will be no extension in the deadline for submission of bids.
PTCL says it holds full authorization to monetize or sell its real estate holdings under the applicable legal framework and after securing all necessary approvals.PTI Govt decides to offer 100 prime properties for sale
Several properties no longer required for operational purposes have been cleared for sale, following the completion of all mandatory legal processes. These assets are fully owned by PTCL, legally documented, and free of encumbrances.
The decision to proceed with the sale is aligned with PTCL’s long-term strategic direction and organizational goals, and the company remains committed to executing the transaction within the approved parameters.
