Hi Priyank,
Glad you found it helpful, and yes I kept updating the thread keeping it mind that this may help others on the process for applying for PEI PNP.
Yes, you will REQUIRE a valid EE profile prior sending an EOI to PEI.
Coming to your questions, (1) I can say that the information that is required to be submitted under the new system online is very similar to EE. You just need to update all the information that is asked and as applicable to your profile. Nobody can confirm on a tentative timeline as it depends from case to case and which category you are applying for.
(2) I can say that if your NOC is what PEI is looking for (nobody knows in demand NOC) and if you have submitted all the documents as per the right format along with the fees and without any missing information, you should get nomination certificate within a week. After the nomination, you will be given 600 additional points for PNP and then you will receive an ITA from the next CIC draw.
Below is the detailed guide on how to apply for PEI PNP along with the documents and forms that are required to be submitted. Hope this helps and wish everyone Good Luck!
https://www.princeedwardisland.ca/sites/default/files/publications/pei_pnp_express_entry_guide.pdf