{"id":53497,"date":"2019-07-12T12:40:06","date_gmt":"2019-07-12T07:40:06","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53497"},"modified":"2020-01-29T09:12:04","modified_gmt":"2020-01-29T09:12:04","slug":"jinnah-convention-centre-land-sold-to-interior-ministry","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/jinnah-convention-centre-land-sold-to-interior-ministry.html","title":{"rendered":"Jinnah Convention Centre land sold to interior ministry"},"content":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) recently sold the land, on which the Jinnah Convention Centre (JCC) is currently situated, to the Ministry of Interior \u2013 a news source reported. Following this initiative, the authorities concerned will commence with the privatisation of the said building.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pm-briefed-on-plans-to-sell-jinnah-convention-centre.html\">PM briefed on plans to sell Jinnah Convention Centre<\/a><\/p>\n<p>On July 5, the civic agency had issued an allotment letter for 7.9 acres of the said land to the ministry against a payment of PKR 1.14 billion.<\/p>\n<p>As per the report, the land will be leased for a period of 33 years \u2013 extendable for two subsequent terms of 33 years each (as per the conditions laid down by the development authority).<\/p>\n<p>The convention centre was constructed in 1996 through a bridge-financing&nbsp;agreement \u2013 the CDA had initially provided funds for the construction work until it succeeded in securing long-term funding from the government.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/selected-commercial-properties-to-be-sold-to-overseas-pakistanis.html\">Selected commercial properties to be sold to overseas Pakistanis<\/a><\/p>\n<p>A cabinet committee has been tasked with&nbsp;<a href=\"https:\/\/www.zameen.com\/news\/govt-looking-to-privatise-49-public-companies-in-five-years.html\">finalising&nbsp;necessary&nbsp;arrangements<\/a> regarding the privatisation&nbsp;of&nbsp;loss-making entities. To facilitate this measure, Prime Minister (PM) Imran Khan had in February constituted a holding company (Sarmaya-e-Pakistan) for at least 195 state-owned enterprises. The PM himself heads the Board of Governors (BoG), which includes three federal ministers and seven experts from the private sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) recently sold the land, on which the Jinnah Convention Centre (JCC) is currently situated, to the Ministry of Interior \u2013 a news source reported. Following this initiative, the authorities concerned will commence with the privatisation of the said building. Read: PM briefed on plans to sell Jinnah Convention Centre On July 5, the civic agency had issued an allotment letter for 7.9 acres of the said land to the ministry against a payment of PKR 1.14 billion. As per the report, the land will be leased for a period of 33 years \u2013 extendable for two subsequent terms of 33 years each (as per the conditions laid down by the development authority). The convention centre was constructed in 1996 through a bridge-financing&nbsp;agreement \u2013 the CDA had initially provided funds for the construction work until it succeeded in securing long-term funding from the government. Read: Selected commercial properties to be sold to overseas Pakistanis A cabinet committee has been tasked with&nbsp;finalising&nbsp;necessary&nbsp;arrangements regarding the privatisation&nbsp;of&nbsp;loss-making entities. To facilitate this measure, Prime Minister (PM) Imran Khan had in February constituted a holding company (Sarmaya-e-Pakistan) for at least 195 state-owned enterprises. The PM himself heads the Board of&hellip;<\/p>\n","protected":false},"author":67,"featured_media":50971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12213],"persona":[],"class_list":{"0":"post-53497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-jinnah-convention-centre-land-sold-to-interior-ministry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jinnah Convention Centre land sold to interior ministry - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Capital Development Authority (CDA) recently sold the land, on which the Jinnah Convention Centre (JCC) is currently situated, to the\" \/>\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\/jinnah-convention-centre-land-sold-to-interior-ministry.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jinnah Convention Centre land sold to interior ministry - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Capital Development Authority (CDA) recently sold the land, on which the Jinnah Convention Centre (JCC) is currently situated, to the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/jinnah-convention-centre-land-sold-to-interior-ministry.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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