{"id":65414,"date":"2020-05-13T12:32:54","date_gmt":"2020-05-13T07:32:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65414"},"modified":"2020-05-13T16:20:36","modified_gmt":"2020-05-13T11:20:36","slug":"govt-postpones-privatisation-state-owned-properties-public-sector-entities","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-postpones-privatisation-state-owned-properties-public-sector-entities.html","title":{"rendered":"Govt postpones privatisation of state-owned properties, public sector entities"},"content":{"rendered":"\n<p>Islamabad: The government on Tuesday announced its decision to postpone the privatisation of 28 state-owned properties and six public sector entities till the next fiscal year, a news source reported. These properties and entities are expected to generate PKR 400 billion in non-tax collection during the current fiscal year.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pc-i-for-korang-bridgepwd-underpass-approved.html\" target=\"_blank\" rel=\"noreferrer noopener\">PC-1 for construction of PWD Underpass, Korang Bridge on Islamabad Expressway approved<\/a><\/p>\n\n\n\n<p>Federal Minister Mohammed Mian Soomro presided over a meeting to review the progress on privatisation programme and discussed the priority transactions. The minister was briefed about the progress of transactions related to Jinnah Convention Centre, National Power Parks Management Company Limited (NPPMCL), SME Bank, Services Int\u2019l Hotel (SIH).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-mulls-leasing-petrol-pump-sites-on-islamabad-expressway.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA mulls leasing petrol-pump sites on Islamabad Expressway, Kashmir Highway<\/a><\/p>\n\n\n\n<p>The minister was also informed about the 28 properties which were scheduled to be sold in the current fiscal year, but their timelines were revised due to the <a href=\"https:\/\/www.zameen.com\/news\/japan-to-offer-additional-unhcr-mediated-funds-to-pakistan-for-covid-19-assistance.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 outbreak<\/a>. The Privatisation Commission informed that a revised schedule for the state-owned properties and public sector entities had also been shared with the Prime Minister\u2019s Office (PMO).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/departmental-stores-parks-trails-reopened-islamabad-ict-shares-sops.html\" target=\"_blank\" rel=\"noreferrer noopener\">Departmental stores, parks, trails reopened in Islamabad; ICT shares SOPs<\/a><\/p>\n\n\n\n<p>In response, the minister directed the officials concerned to meet the requisite formalities as the transactions would be conducted once normalcy returns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government on Tuesday announced its decision to postpone the privatisation of 28 state-owned properties and six public sector entities till the next fiscal year, a news source reported. These properties and entities are expected to generate PKR 400 billion in non-tax collection during the current fiscal year. Read: PC-1 for construction of PWD Underpass, Korang Bridge on Islamabad Expressway approved Federal Minister Mohammed Mian Soomro presided over a meeting to review the progress on privatisation programme and discussed the priority transactions. The minister was briefed about the progress of transactions related to Jinnah Convention Centre, National Power Parks Management Company Limited (NPPMCL), SME Bank, Services Int\u2019l Hotel (SIH). Read: CDA mulls leasing petrol-pump sites on Islamabad Expressway, Kashmir Highway The minister was also informed about the 28 properties which were scheduled to be sold in the current fiscal year, but their timelines were revised due to the COVID-19 outbreak. The Privatisation Commission informed that a revised schedule for the state-owned properties and public sector entities had also been shared with the Prime Minister\u2019s Office (PMO). Read: Departmental stores, parks, trails reopened in Islamabad; ICT shares SOPs In response, the minister directed the officials concerned to meet the requisite&hellip;<\/p>\n","protected":false},"author":76,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[28983,21911,28981,28982],"persona":[],"class_list":{"0":"post-65414","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-federal-minister-mohammed-mian-soomro","10":"tag-privatisation","11":"tag-privatisation-of-state-owned-properties","12":"tag-public-sector-entities","13":"cat-15016-id","14":"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 state-owned properties, public sector entities - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government on Tuesday announced its decision to postpone the privatisation of 28 state-owned properties and six public sector entities\" \/>\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\/govt-postpones-privatisation-state-owned-properties-public-sector-entities.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"privatisation state-owned properties, public sector entities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government on Tuesday announced its decision to postpone the privatisation of 28 state-owned properties and six public sector entities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-postpones-privatisation-state-owned-properties-public-sector-entities.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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