Federal government decides to auction 27 valuable government properties – Express Urdu

Bidding for the public sale will happen between September 7, 2020 and September 28, 2020. (Photo, Internet)

Islamabad: The federal authorities has determined to public sale 27 beneficial properties of assorted authorities departments underneath the privatization program, which is anticipated to generate at the least Rs6.62 billion. ]

Ministry of Privatization officers say the bidding for the public sale of those authorities properties will happen between September 7, 2020 and September 28, 2020. The public sale of properties of assorted authorities departments is anticipated to generate at the least Rs6.62 billion. The listing additionally consists of lands, residences, retailers and buildings. Officials say the supply of earnings is not going to be requested for purchases for building functions.

In the listing launched by the fee, the worth of 41 kanal property of the Ministry of Industry in Lahore has been fastened at greater than Rs 5 billion. The 123 kanal property of Civil Aviation may also be auctioned.

In addition, ERA has determined to promote 15 completely different properties in Islamabad, Lahore, Haripur. The property of FBR, Water Resources, Trading Corporation may also be for public sale. The reserve worth of 15 kanals of land of FBR in Faisalabad has been fastened at Rs. 64 crore.

It ought to be famous that individuals from the Privatization Commission or related authorities departments will be unable to take part within the bidding.

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