It was confirmed by PTCL, the sale of one of the company’s premium real estate properties, I.I. Chundrigar Road in Karachi, will proceed according to the planned timeline.
Recently, possible investors were asked to submit the bids. The deadline is May 31, 2025, for submitting the bid.
In addition, because of the positive response from investors, PTCL has made a decision not to offer additional extensions to bidding deadline for the real estate.
The corporate has the authority to sell or otherwise monetize its real estate holdings in accordance with all relevant laws and after obtaining the necessary permissions.
Properties that are no longer necessary for operations of PTCL, legal clearance has been obtained for their disposal.
PTCL is the legal owner of all such real estate, as well as the one that is for sale. All the properties are unmortgage and are fully documented.
With all required authorizations in place to move forward as scheduled, this transaction reflects PTCL’s long-term organizational strategy and broader strategic objectives.
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