{"id":70937,"date":"2020-09-28T12:57:56","date_gmt":"2020-09-28T07:57:56","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70937"},"modified":"2020-09-28T12:57:57","modified_gmt":"2020-09-28T07:57:57","slug":"privatisation-of-state-owned-properties-to-conclude-in-lahore-today","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html","title":{"rendered":"Privatisation of state-owned properties to conclude in Lahore today"},"content":{"rendered":"\n<p>Islamabad: The Privatisation Commission is all set to conclude the privatization process of state-owned properties with an auction of land spanning over 41+ kanals in Lahore; scheduled to take place today, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/twelve-state-owned-properties-shortlisted-phase-wise-privatisation.html\" target=\"_blank\" rel=\"noreferrer noopener\">Twelve state-owned properties shortlisted for phase-wise privatisation<\/a><\/p>\n\n\n\n<p>The said chunk land is currently in possession of the Republic Motors \u2013 which is a \u2018wholly-owned subsidiary\u2019 of the Pakistan Industrial Development Corporation (PIDC).<\/p>\n\n\n\n<p>It is located on the highly-coveted Mall Road. The auction price has been fixed at over PKR 5 billion; however, the Privatisation Commission expects a higher price based on the prominent location of the land.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/state-owned-properties-privatisation-commission-fetches-more-than-target-revenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">State-Owned Properties-Auction Day 1: Privatisation Commission fetches more than target revenue<\/a><\/p>\n\n\n\n<p>According to reports, the government had identified 26 properties for the auction and sold over 23 unutilised properties that generated an accumulated worth of PKR 1 billion.\u00a0 The privatisation of remaining two properties have been postponed owing to the \u2018unfavourable market conditions\u2019, and are expected to be sold off at a later stage.<\/p>\n\n\n\n<p>Moreover, it was reported that the commission will submit a detailed report of the auction to the Cabinet Committee on Privatisation for clearance and later submit to the federal cabinet for approval. The proceeds from the <a href=\"https:\/\/www.zameen.com\/news\/privatisation-commission-auction-state-owned-properties.html\" target=\"_blank\" rel=\"noreferrer noopener\">auction<\/a> will be divided between the debt payment and poverty alleviation on a 90-10% basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Privatisation Commission is all set to conclude the privatization process of state-owned properties with an auction of land spanning over 41+ kanals in Lahore; scheduled to take place today, according to news sources. Read: Twelve state-owned properties shortlisted for phase-wise privatisation The said chunk land is currently in possession of the Republic Motors \u2013 which is a \u2018wholly-owned subsidiary\u2019 of the Pakistan Industrial Development Corporation (PIDC). It is located on the highly-coveted Mall Road. The auction price has been fixed at over PKR 5 billion; however, the Privatisation Commission expects a higher price based on the prominent location of the land. Read: State-Owned Properties-Auction Day 1: Privatisation Commission fetches more than target revenue According to reports, the government had identified 26 properties for the auction and sold over 23 unutilised properties that generated an accumulated worth of PKR 1 billion.\u00a0 The privatisation of remaining two properties have been postponed owing to the \u2018unfavourable market conditions\u2019, and are expected to be sold off at a later stage. Moreover, it was reported that the commission will submit a detailed report of the auction to the Cabinet Committee on Privatisation for clearance and later submit to the federal cabinet for approval.&hellip;<\/p>\n","protected":false},"author":75,"featured_media":69903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[22570,40386],"persona":[],"class_list":{"0":"post-70937","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-privatisation-commission","10":"tag-privatisation-of-state-owned-properties-to-conclude-in-lahore-today","11":"cat-15016-id","12":"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 of state-owned properties conclude in Lahore - Zameen News<\/title>\n<meta name=\"description\" content=\"Privatisation Commission is all set to conclude the privatization process of state-owned properties with auction of land spanning over 41+ kanals in Lahore\" \/>\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-of-state-owned-properties-to-conclude-in-lahore-today.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privatisation of state-owned properties conclude in Lahore - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Privatisation Commission is all set to conclude the privatization process of state-owned properties with auction of land spanning over 41+ kanals in Lahore\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-28T07:57:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-28T07:57:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/08\/Ministry-Of-Privatization.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Privatisation of state-owned properties conclude in Lahore - Zameen News","description":"Privatisation Commission is all set to conclude the privatization process of state-owned properties with auction of land spanning over 41+ kanals in Lahore","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html","og_locale":"en_US","og_type":"article","og_title":"Privatisation of state-owned properties conclude in Lahore - Zameen News","og_description":"Privatisation Commission is all set to conclude the privatization process of state-owned properties with auction of land spanning over 41+ kanals in Lahore","og_url":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.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":"2020-09-28T07:57:56+00:00","article_modified_time":"2020-09-28T07:57:57+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/08\/Ministry-Of-Privatization.jpg","type":"image\/jpeg"}],"author":"Hazafa Hasan","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Hazafa Hasan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html"},"author":{"name":"Hazafa Hasan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/422fcc128fcaf82dae8406d1cf62a52b"},"headline":"Privatisation of state-owned properties to conclude in Lahore today","datePublished":"2020-09-28T07:57:56+00:00","dateModified":"2020-09-28T07:57:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html"},"wordCount":221,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/08\/Ministry-Of-Privatization.jpg","keywords":["Privatisation Commission","Privatisation of state-owned properties to conclude in Lahore today"],"articleSection":["New Developments","Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html","url":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html","name":"Privatisation of state-owned properties conclude in Lahore - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/08\/Ministry-Of-Privatization.jpg","datePublished":"2020-09-28T07:57:56+00:00","dateModified":"2020-09-28T07:57:57+00:00","description":"Privatisation Commission is all set to conclude the privatization process of state-owned properties with auction of land spanning over 41+ kanals in Lahore","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/08\/Ministry-Of-Privatization.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/08\/Ministry-Of-Privatization.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Privatisation of state-owned properties to conclude in Lahore today"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/422fcc128fcaf82dae8406d1cf62a52b","name":"Hazafa Hasan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","caption":"Hazafa Hasan"},"description":"Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.","url":"https:\/\/www.zameen.com\/news\/author\/hazafa"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=70937"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70937\/revisions"}],"predecessor-version":[{"id":70938,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70937\/revisions\/70938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/69903"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=70937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=70937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=70937"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=70937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}