The government has decided to auction 27 valuable properties of various government departments.
The Privatization Commission has stated that the bidding for the auction will take place between September 7, 2020, and September 28, 2020.
A statement issued by the Privatization Commission said that at least Rs6.62 billion is expected to be earned from the auction of properties of various government departments. The list also includes lands, apartments, shops and buildings. Sources of income will not be asked for purchases for purposes.
In the list released by the Privatization Commission, the value of 41 Kanal property of the Ministry of Industry in Lahore has been fixed at more than Rs 5 billion. 123 Kanal property of Civil Aviation will also be auctioned. This property is located in Nawabshah, Rahim Yar Khan, Vehari.
In addition, ERA has decided to sell 15 different properties in Islamabad, Lahore, and Haripur. Property of FBR, Water Resources, Trading Corporation will also be up for auction. The reserve price of 15 Kanals of land in Faisalabad has been fixed at Rs. 64 crores.
Individuals from the Privatization Commission or relevant government departments will not be able to participate in the bidding.