Auction of Government owned Properties yields Rs.1 billion so far

MG News | September 15, 2020 at 08:20 PM GMT+05:00

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September 15, 2020: Ministry of Privatisation, in line with the directives of Prime Minister, has commenced the auction of government owned Properties from September 7th 2020, so far 20 Properties in four cities have been auctioned with PKR 1 billion proceeds.

In the next stop the auction will take place at Multan , Vehari & Rahim Yar Khan starting from 16th of September 2020, this journey will culminate on 28th of this month with the auction of the biggest property, worth more than 5 billion PKR. All the properties have been auctioned through open bidding and in a transparent manner.

The 90% of sale proceed will go for debt retirement and rest of the 10% for poverty alleviation.

Press Release

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