ISLAMABAD: Of the five properties delisted from the privatisation plan, the federal government handed over three to the Naya Pakistan Housing Authority to construct low-cost housing schemes.
The decision to remove the properties from the list of 32 state-owned lands was taken at a meeting of the Cabinet Committee on Privatisation (CCOP), chaired by Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh.
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 – were given to the Naya Pakistan Housing Authority.
Another parcel of 50-acre land at Hawksbay Road, Mauripur, Karachi was also dedicated to the construction of housing schemes for the low-income group.
As per the privatisation ministry officials, the land in Lahore is the sole property possessing a clean title and is ready for immediate initiation of the project.
Meanwhile, the other two properties are yet to be cleared by financial advisors due to their disputed ownerships. The Naya Pakistan Housing Authority and the respective ministries have been tasked with resolving the outstanding issues.
The 32 ‘idle’ state lands had been shortlisted for selling to private parties to assist in paying off the government’s debts.
For more news and blogs, visit Graana.com.