Economics & Business

Auction of marble locks from June 1, says PASDEC official

Karachi: The Pakistan Stone Development Company (PASDEC) has planned to initiate a series of open auctions of regular and irregular marble blocks at its warehouses and quarry development project sites from tomorrow 1st June, said officials in the Company.

They told Pakistan Times that PASDEC also intends to auction about 20,000 tons of marble production, extracted from its quarries across the country. They explained:

“The first auction is scheduled to be held on Wednesday at PASDEC warehouse (Marble City) Risalpur at 11 am in which about 1000 tons fine quality of regular marble blocks will be auctioned,”

The next auction would be, the officials said, held at quarry up-gradation FATA in Mohmand Agency on June 3 at 11 am, where 1050 tons irregular and 319 tons regular marble blocks will be auctioned.

As per schedule, on June 6, 2800 tons irregular and 2365 regular marble blocks will be auctioned at Javed Khan, quarry up-gradation project, in Buner (KP) at 11 am and 300 tons irregular and 250 regular marble blocks of Model Quarry Buner will be auctioned on same date at 3 pm.

According to PASDEC reports, around 1,497 tons irregular blocks and 1,036 tons of regular blocks will be ready for auction on June 8, at Model Quarry Chitral at 11 am whereas 4,000 tons regular marble blocks will be auctioned on June 10 at PASDEC warehouse Gaddani (Balochistan) at 11 am.

One thousand tons irregular and 791 tons regular marble blocks extracted from quarry up-gradation Mastung-I and 300 irregular and 1346 regular blocks of quarry up-gradation Mastung-II will be auctioned on June 13 at 10 am and 2pm respectively, a PASDEC official said.

He further said that the auction of 100 tons irregular and 105 tons of regular blocks will be held at quarry up-gradation Lora Lai on June 15, at 12 pm. More than 4500 tons irregular and 7351 tons regular marble blocks will be auctioned at Model Quarry Khuzdar on June 17, at 11 am. The last auction will be held at Sonda (Sindh) on June 20 at 11 am in which 1449 tons irregular and 80 tons regular Indus Gold marble will be sold.

The auction would be held on fortnight basis in future, the press statement said adding these auctions will provide the investment and business opportunities in marble and granite sector to stakeholders, according to PASDEC.

About the author

Saleem Shaikh

The writer is a development journalist. He writes on water, sanitation, environment, climate change, agriculture, women development, human rights, education, health, development budgets and economy.

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