State owned PTDC owns a number of motels and rest houses at prime locations in tourist destinations across Pakistan, including the famous mountain ranges in the north of the country. PTDC decided to to attract private sector investment to develop these facilities, and thereby further promote tourism, while ensuring the involvement of local government and communities.
As part of a larger consortium, RIAA Barker Gillette (Pakistan) was engaged by PTDC to provide transaction advisory services in relation to fifteen properties situated across Gilgit Baltistan and Azad Jammu and Kashmir. Working with other members of the consortium, we undertook an extensive feasibility study of properties and their potential for commercial use on a public private partnership basis. The study covered legal, financial, commercial and environmental due diligence, referred to international best practices, and recommended the most viable framework for commercial use of the properties.
Our team, led by Mazhar Bangash (Partner – Pakistan) and comprising Ehsan Ejaz (Senior Associate) and Momin Taufiq (Associate), also undertook a review of applicable legislation and prepared all necessary bidding and other documents.
For further detail, please visit the following link: https://tribune.com.pk/story/2330246/ptdc-to-lease-out-ajk-g-b-properties
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