Foreign Firms Forms

“Foreign constructor or Foreign operator” means an enterprise fully owned by one or more foreign nationals having 51% shares or any enterprise incorporated with the Securities and Exchange Commission of Pakistan and having 51% shares with seventy per cent of its engineering staff from Pakistan:

• Foreign Constructor or operator will be eligible to work with Pakistani Constructor or operator, even if specialized technology is also available in Pakistan
• Instead of issuance of “Project Specific license”, the council will issue license to foreign constructor or operator on yearly basis which will have to be renewed after its expiry. However foreign firm will not be eligible to participate in bidding individually. Foreign firm shall enter into joint venture with Pakistani firm of appropriate category and submit the same to the employer before participating in bidding
• After entering into joint venture, all the partners will be able to get the benefits of experience of the project and their experience will considered in future for similar projects irrespective of percentage of shares of partners of joint venture