{"id":62546,"date":"2020-03-11T15:24:35","date_gmt":"2020-03-11T10:24:35","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62546"},"modified":"2020-03-13T15:58:36","modified_gmt":"2020-03-13T10:58:36","slug":"privatisation-commission-auction-27-state-owned-entities","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/privatisation-commission-auction-27-state-owned-entities.html","title":{"rendered":"Privatisation Commission to auction 27 state-owned entities"},"content":{"rendered":"\n<p>Islamabad: The Privatisation Commission of Pakistan recently decided to auction 27 state-owned entities in different cities, a news source reported. As per the publication, the commission has finalised the minimum offer-price for the said properties; stating that the revenue attained from their sales would be used to pay off the country\u2019s debts.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/cda-auction-of-commercial-plots-in-new-blue-area.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA announces dates for auction of commercial plots in \u2018New Blue Area\u2019 (opens in a new tab)\">CDA announces dates for auction of commercial plots in \u2018New Blue Area\u2019<\/a><\/p>\n\n\n\n<p>Prime Minister (PM) Imran Khan had earlier directed the authorities concerned to sell unproductive assets and barren lands that were under government ownership. Reportedly, the bidding process for the said property units is expected to be completed by the end of April.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/lda-hold-auction-commercial-residential-plots-next-week.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" LDA to hold auction for commercial, residential plots next week (opens in a new tab)\"> LDA to hold auction for commercial, residential plots next week<\/a><\/p>\n\n\n\n<p>Of the total 27 entities being auctioned off, the Earthquake Reconstruction &amp; Rehabilitation Authority (ERRA) owns 17 properties. The Ministry of Water Resources and the Ministry of Aviation owns three properties each. The Textile division owns two properties, and the Ministry of Commerce and the Ministry of Industry and Production each own a single property.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-auction-26-commercial-plots.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA to auction \u2018New Blue Area\u2019 commercial plots, PKR 30bn revenue expected (opens in a new tab)\">CDA to auction \u2018New Blue Area\u2019 commercial plots, PKR 30bn revenue expected<\/a><\/p>\n\n\n\n<p>The ERRA also owns a few additional properties,\nincluding two penthouses in Islamabad Country Club, several apartments in\nIslamabad, and three shops in Gulberg, Lahore. The reserve prices set by the\nPrivatisation Commission and the ministries which own them are as follows:&nbsp; <\/p>\n\n\n\n<p>\u2022 11 apartments owned by ERRA, with a reserve price of PKR 225.5 million\n<\/p>\n\n\n\n<p>\u2022 Wapda Building in Lahore owned by the Ministry of Water Resources, with\na reserve price of PKR 90 million <\/p>\n\n\n\n<p>\u2022 Wapda Rest House in Saidu Sharif owned by the Ministry of Water\nResources, with a reserve price of PKR 160.32 million <\/p>\n\n\n\n<p>\u2022 Wapda Rest House in Mansehra owned by the Ministry of Water Resources,\nwith a reserve price of PKR 20.17 million <\/p>\n\n\n\n<p>\u2022 Republic Motors Limited, with a price of PKR 5.2 billion; of which the\ngovernment owns 65% shares<\/p>\n\n\n\n<p>\u2022 120 Kanals of land in Multan owned by the Ministry of Commerce, with a\nprice of PKR 262.5 million <\/p>\n\n\n\n<p>\u2022 15 Kanals of land in Faisalabad owned by the Federal Board of Revenue,\nwith a price of PKR 640 million <\/p>\n\n\n\n<p>\u2022 8 Kanals of land in Gujranwala owned by the Textile Division, with a\nprice of PKR 20 million<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Privatisation Commission of Pakistan recently decided to auction 27 state-owned entities in different cities, a news source reported. As per the publication, the commission has finalised the minimum offer-price for the said properties; stating that the revenue attained from their sales would be used to pay off the country\u2019s debts. Read: CDA announces dates for auction of commercial plots in \u2018New Blue Area\u2019 Prime Minister (PM) Imran Khan had earlier directed the authorities concerned to sell unproductive assets and barren lands that were under government ownership. Reportedly, the bidding process for the said property units is expected to be completed by the end of April. Read: LDA to hold auction for commercial, residential plots next week Of the total 27 entities being auctioned off, the Earthquake Reconstruction &amp; Rehabilitation Authority (ERRA) owns 17 properties. The Ministry of Water Resources and the Ministry of Aviation owns three properties each. The Textile division owns two properties, and the Ministry of Commerce and the Ministry of Industry and Production each own a single property. Read: CDA to auction \u2018New Blue Area\u2019 commercial plots, PKR 30bn revenue expected The ERRA also owns a few additional properties, including two penthouses in Islamabad Country&hellip;<\/p>\n","protected":false},"author":76,"featured_media":62547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[22571,22572,22573,22575,22570],"persona":[],"class_list":{"0":"post-62546","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-auction-27-state-owned-entities","9":"tag-earthquake-reconstruction-rehabilitation-authority-erra","10":"tag-ministry-of-water-resources-the-ministry-of-aviation","11":"tag-nawab-shah","12":"tag-privatisation-commission","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Privatisation Commission auction 27 state-owned entities - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Privatisation Commission of Pakistan recently decided to auction 27 state-owned entities in different cities, a news source reported.\" \/>\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\/privatisation-commission-auction-27-state-owned-entities.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privatisation Commission auction 27 state-owned entities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Privatisation Commission of Pakistan recently decided to auction 27 state-owned entities in different cities, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/privatisation-commission-auction-27-state-owned-entities.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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