Islamabad: A total of 31 public sector properties worth Rs10 billion have been approved for the initiation of their selling process by the cabinet. This is in regards to generate funds for the government.
As many as 42 ministries and divisions responded to the PM’s directive for the identification of their properties for sale of which 23 choose 99 properties for privatisation. These properties were then listed into four categories by the asset management committee constituted by PM Imran Khan and headed by the minister for maritime affairs.
The first category included 31 properties identified by mine ministries and divisions and were available for privatisation. The second category included six public-sector enterprises already on the privatisation list. The third category has various properties in it requiring evaluation of land titles by respective development authorities. 58 assets are placed in the fourth category. They are however in regards to those facing legal issues, properties on lease and those allotted and gifted for special purposes which are out of consideration for disposal.
For news and updates keep on visiting Graana blog
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…
ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…