First Bidding Process

SPFC has been allocated 1,34,995 acres of blank forest land in Bahawalpur, Bahawalnagar, Rahim Yar Khan, Rajanpur, Muzaffargarh and Dera Ghazi Khan districts of South Punjab, for afforestation. Before offering the land to investors, the technical and financial feasibilities were undertaken by M/s Grant Thornton Consulting (Pvt) Limited, Transaction Advisor (TA) through open bidding process.

After thorough due diligence, 99,077 acres across five districts of South Punjab mainly Bahawalpur, Rahim Yar Khan, Rajanpur, Muzaffargarh and Dera Ghazi Khan were finalized to be offered to investors for forestry purposes.

The first bidding process of SPFC was initiated on July 30, 2017, and the Letter of Intent (LOI) was issued to successful bidders on December 19, 2017.