JP Morgan are planning a series of investor meetings in April and May across Europe, the Middle East and Southeast Asia, said the head of PSO, Mr Tariq Kirmani.
Pakistan has called for bidders for the Government's 51% stake in PSO. The company has a 70% share in the country's petroleum market, estimated at 18 million metric tonnes per year. It owns 3,750 retail outlets.
The privatisation moves are occurring in the midst of the war against terror. Last week a group of insurgents took control of a Pakistani gas field. While not directly linked to the US actions against terror groups, and more driven by local royalty issues, the incident nonetheless highlights the problems of holding production assets in high-risk countries.
