Five properties delisted from privatisation plan

After receiving statements of qualification (SOQs) from three parties for the sale of two power plants worth $2 billion, the government delisted five properties from its privatisation programme.

The decision to delist five properties from the privatisation programme was taken at a meeting of the Cabinet Committee on Privatisation (CCOP) presided over by Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh.

The single-point meeting of the CCOP also decided to hand over three of the five delisted properties to Naya Pakistan Housing Authority for construction of low-cost housing units and to offer them to the general public.

The two other properties were found to be problematic as their titles were not clear and had been pledged against commercial loans. The relevant ministries were directed to identify two alternate properties with clear titles and transfer them to the Privatisation Commission for sale.

CCOP meeting decides to hand over three of five delisted properties to Naya Pakistan Housing Authority

It was reported that a property belonging to Federal Board of Revenue (FBR) in Lahore had already been taken over by the Lahore Development Authority (LDA) while a plot of Pakistan Post in Islamabad's F-15 had been claimed by the Capital Development Authority (CDA).

The properties that were removed from the privatisation list included an 18.8 Kanal plot of Pakistan Post in F-15, Islamabad, followed by two major properties belonging to Radio Pakistan, including a 841.6 kanal commercial/ agricultural land at Multan Road, Lahore and 928 Kanal commercial land at Pipri, Karachi.

Likewise, two properties of FBR, including an IRS Colony of four kanals in Lahore and a 50-acre land at Hawksbay Road, Mauripur, Karachi were also removed from the sale list.