Govt delists five properties worth Rs6.7b from privatization plan

Govt delists five properties worth Rs6.7b from privatization plan

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The federal government on Tuesday struck off five properties worth Rs6.7 billion from the privatization list and gave three of them to Naya Pakistan Housing Authority for construction of affordable units.

The Cabinet Committee on Privatization (CCOP) that met under chair of Finance Adviser Dr Abdul Hafeez Shaikh was also briefed on the status of privatization of billions of dollars LNG-fired power plants.

The cabinet committee was apprised that to date only three investors from Malaysia, Thailand and Japan have submitted declarations of qualification with only three days left in termination of the protracted deadline.

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