ISLAMABAD – PTI government removes 5 properties from the list ofprivatisation program.
A meeting of the Cabinet Committee on Privatization (CCoP) has delistedfive properties from a list of 32 that were placed on the privatizationprogram.
The decision to remove these properties from the program was taken at ameeting of the Cabinet Committee on Privatisation (CCOP) presided over byAdviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh.
It was decided that the three from the list will be given to the NayaPakistan Housing project. The two other properties were found to beproblematic as their titles were not clear and had been pledged againstcommercial loans.
According to the reports, the list of properties identified for disposal,owing to the title issue, are:
1. Pakistan Post property, F-15 Islamabad, 18 Kanal, and 8 Marla 2. Federal Board of Revenue (FBR) Inland Revenue Service (IRS) Colony Lahore, 4.3 Kanal.
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CCoP approved handing over of Ministry of Information and Broadcastingcommercial/agriculture’s land at High Power Transmitting Station,Mohlanwal, Multan Road, Lahore, 841.6 Kanal, Ministry of Information andBroadcasting’s commercial land of Receiving Centre Pipri, Karachi, 928Kanal, and FBR’s property at Hawkes Bay Road, Mauripur, Karachi, 500 acre,to Naya Pakistan Housing Project, which were removed from the privatizationlist.
It was reported that the finance minister expressed displeasure over theofficials as to why these properties were included in the privatizationlist in the first place. CCoP directed the ministries and divisions tosubmit clear and alternate options against the properties excluded from theprivatization list.
After the cabinet’s decision, every ministry was tasked to identify atleast three properties that are unutilized and 32 such properties have beenidentified.
