{"id":74954,"date":"2021-03-19T12:39:06","date_gmt":"2021-03-19T07:39:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=74954"},"modified":"2021-03-19T12:39:12","modified_gmt":"2021-03-19T07:39:12","slug":"privatisation-of-services-international-hotel-initiated","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/privatisation-of-services-international-hotel-initiated.html","title":{"rendered":"Proceeds launched for privatisation of Services International Hotel"},"content":{"rendered":"\n<p>Islamabad: The Cabinet Committee on Privatisation (CCoP) on Thursday allowed the Privatisation Commission (PC) to initiate sale proceedings of the Services International Hotel (SIH) property in Lahore, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/privatisation-of-state-owned-properties-to-conclude-in-lahore-today.html\" target=\"_blank\" rel=\"noreferrer noopener\">Privatisation of state-owned properties to conclude in Lahore today<\/a><\/p>\n\n\n\n<p>As per the details shared, the meeting approved Services International Hotel\u2019s \u2018reserve price\u2019 at PKR 2.25 billion. However, a PC official stated that the price approved by the CCoP is not final.<\/p>\n\n\n\n<p>Moreover, the <a href=\"https:\/\/www.zameen.com\/news\/state-owned-properties-privatisation-commission-fetches-more-than-target-revenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">Privatisation Commission<\/a> had presented a summary regarding the approval of the reserve price for the privatization of SIH \u2013 centrally located at Upper Mall of Lahore and spread over 15+ kanals. The hotel is among 19 state-owned entities on the active privatisation list of the government.<\/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 CCoP\u2019s decision will be tabled before the federal cabinet for final approval. The commission is expected to initiate the proceedings for the privatization of SIH in the first week of April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Cabinet Committee on Privatisation (CCoP) on Thursday allowed the Privatisation Commission (PC) to initiate sale proceedings of the Services International Hotel (SIH) property in Lahore, according to news sources. Read: Privatisation of state-owned properties to conclude in Lahore today As per the details shared, the meeting approved Services International Hotel\u2019s \u2018reserve price\u2019 at PKR 2.25 billion. However, a PC official stated that the price approved by the CCoP is not final. Moreover, the Privatisation Commission had presented a summary regarding the approval of the reserve price for the privatization of SIH \u2013 centrally located at Upper Mall of Lahore and spread over 15+ kanals. The hotel is among 19 state-owned entities on the active privatisation list of the government. Read: Twelve state-owned properties shortlisted for phase-wise privatisation The CCoP\u2019s decision will be tabled before the federal cabinet for final approval. The commission is expected to initiate the proceedings for the privatization of SIH in the first week of April.<\/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":[36171,45550],"persona":[],"class_list":{"0":"post-74954","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-cabinet-committee-on-privatisation-ccop","10":"tag-proceeds-launched-for-privatisation-of-services-international-hotel","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 Services International Hotel initiated - Zameen News<\/title>\n<meta name=\"description\" content=\"Cabinet Committee on Privatisation (CCoP) has allowed the Privatisation Commission (PC) to initiate sale proceedings of the Services International Hotel\" \/>\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-services-international-hotel-initiated.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Privatisation of Services International Hotel initiated - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Cabinet Committee on Privatisation (CCoP) has allowed the Privatisation Commission (PC) to initiate sale proceedings of the Services International Hotel\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/privatisation-of-services-international-hotel-initiated.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=\"2021-03-19T07:39:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-19T07:39:12+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 Services International Hotel initiated - Zameen News","description":"Cabinet Committee on Privatisation (CCoP) has allowed the Privatisation Commission (PC) to initiate sale proceedings of the Services International Hotel","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-services-international-hotel-initiated.html","og_locale":"en_US","og_type":"article","og_title":"Privatisation of Services International Hotel initiated - Zameen News","og_description":"Cabinet Committee on Privatisation (CCoP) has allowed the Privatisation Commission (PC) to initiate sale proceedings of the Services International Hotel","og_url":"https:\/\/www.zameen.com\/news\/privatisation-of-services-international-hotel-initiated.html","og_site_name":"Pakistan Real Estate News &amp; 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