{"id":52992,"date":"2019-06-27T14:33:06","date_gmt":"2019-06-27T09:33:06","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52992"},"modified":"2019-06-27T14:33:06","modified_gmt":"2019-06-27T09:33:06","slug":"cabinet-gives-nod-selling-31-state-properties","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html","title":{"rendered":"Cabinet gives nod to selling 31 state properties"},"content":{"rendered":"<p>Islamabad: The federal cabinet has given its approval to begin the selling process of 31 public sector properties, a news source reported. The said properties have been collectively valued at PKR 10 billion.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/state-properties-marked-for-revenue-generation.html\" target=\"_blank\" rel=\"noopener noreferrer\">State properties marked for revenue generation<\/a><\/p>\n<p>Nine ministries and divisions presented a list of 31 properties to the federal cabinet. The sale of these properties is expected to raise funds to support the government\u2019s activities.<\/p>\n<p>Prime Minister (PM) Imran Khan had formed an asset management committee for this purpose. The committee held regular meetings to review the progress in this regard. Up to 42 ministries and divisions responded to the committee and identified properties for sale. The committee then divided the listed properties into four categories.<\/p>\n<p>The committee placed the said 31 properties in the first category; available for immediate privatisation. Now, the Privatisation Commission awaits the certified title documents and authority letters from the ministries and divisions. Once received, it will invite Expressions of Interest (EOI) for appointing financial advisors and evaluators following the approval of the Cabinet Committee on Privatisation.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/gop-to-sell-770-acres-of-state-land-to-pay-foreign-debt.html\" target=\"_blank\" rel=\"noopener noreferrer\">GoP to sell state land, mechanism to determine market rate approved<\/a><\/p>\n<p>The evaluators will offer a reference price while the financial advisors will complete the sale process. The commission will also formulate a timeline for selling the rest of the properties once the required formalities have been fulfilled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal cabinet has given its approval to begin the selling process of 31 public sector properties, a news source reported. The said properties have been collectively valued at PKR 10 billion. Read:\u00a0State properties marked for revenue generation Nine ministries and divisions presented a list of 31 properties to the federal cabinet. The sale of these properties is expected to raise funds to support the government\u2019s activities. Prime Minister (PM) Imran Khan had formed an asset management committee for this purpose. The committee held regular meetings to review the progress in this regard. Up to 42 ministries and divisions responded to the committee and identified properties for sale. The committee then divided the listed properties into four categories. The committee placed the said 31 properties in the first category; available for immediate privatisation. Now, the Privatisation Commission awaits the certified title documents and authority letters from the ministries and divisions. Once received, it will invite Expressions of Interest (EOI) for appointing financial advisors and evaluators following the approval of the Cabinet Committee on Privatisation. Read:\u00a0GoP to sell state land, mechanism to determine market rate approved The evaluators will offer a reference price while the financial advisors will complete the&hellip;<\/p>\n","protected":false},"author":18,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12015],"persona":[],"class_list":["post-52992","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-details-on-cabinet-gives-nod-to-selling-31-state-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cabinet gives nod to selling 31 state properties - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal cabinet has given its approval to begin the selling process of 31 public sector properties, a news source reported. The said\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet gives nod to selling 31 state properties - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal cabinet has given its approval to begin the selling process of 31 public sector properties, a news source reported. 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The said","og_url":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2019-06-27T09:33:06+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","type":"image\/png"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/a3a8cc23079c627774ff19f42da24f1d"},"headline":"Cabinet gives nod to selling 31 state properties","datePublished":"2019-06-27T09:33:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html"},"wordCount":228,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","keywords":["details on Cabinet gives nod to selling 31 state properties"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html","url":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html","name":"Cabinet gives nod to selling 31 state properties - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/cabinet-gives-nod-selling-31-state-properties.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","datePublished":"2019-06-27T09:33:06+00:00","description":"Islamabad: The federal cabinet has given its approval to begin the selling process of 31 public sector properties, a news source reported. 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