{"id":78306,"date":"2021-07-30T15:53:03","date_gmt":"2021-07-30T10:53:03","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78306"},"modified":"2021-07-30T15:53:09","modified_gmt":"2021-07-30T10:53:09","slug":"pc-auction-lahores-service-international-hotel","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pc-auction-lahores-service-international-hotel.html","title":{"rendered":"Privatisation Commission to auction Lahore\u2019s Service International Hotel"},"content":{"rendered":"\n<p>Islamabad: Privatisation Commission\u00a0 Chairman Mohammed Mian Soomro on Thursday (July 29) chaired a meeting to review the progress in the privatisation of national assets and announced the auction of Lahore\u2019s Service International Hotel (SIH) in August\u2019s first week, news sources reported.\u00a0<\/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 commission members were informed that the <a href=\"https:\/\/www.zameen.com\/news\/privatisation-of-services-international-hotel-initiated.html\" data-type=\"post\" data-id=\"74954\" target=\"_blank\" rel=\"noreferrer noopener\">auction of the SIH<\/a> &#8211; located on Upper Mall and spanning over 15 kanals &#8211; would take place in the first week of August and that the transaction will be completed by September 2021. Furthermore, the weekly meeting also resolved to move the privatisation of assets owned by several ministries and agencies forward.<\/p>\n\n\n\n<p>Moreover, the Privatisation Commission also discussed the matter of the privatisation of Jinnah Convention Centre in Islamabad- a 7.5-acre building adjoining Constitution Avenue Islamabad &#8211; in collaboration with the Capital Development Authority (CDA). Similarly, the PC also agreed to expedite the work on the selloff of the 17 buildings and lands held by federal ministries and departments.\u00a0The committee also discussed the appointment of financial advisers to oversee the process.\u00a0\u00a0<\/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>The meeting agreed to submit the cabinet with a summary of <a href=\"https:\/\/www.zameen.com\/news\/pc-board-approves-sale-majority-shares-psm.html\" data-type=\"post\" data-id=\"70079\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan Steel Mills&#8217; transaction<\/a> details. Similarly, the meeting discussed issues pertaining to the privatisation of the SME Bank, House Building Finance Corporation, and First Women Bank Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Privatisation Commission\u00a0 Chairman Mohammed Mian Soomro on Thursday (July 29) chaired a meeting to review the progress in the privatisation of national assets and announced the auction of Lahore\u2019s Service International Hotel (SIH) in August\u2019s first week, news sources reported.\u00a0 Read: Twelve state-owned properties shortlisted for phase-wise privatisation The commission members were informed that the auction of the SIH &#8211; located on Upper Mall and spanning over 15 kanals &#8211; would take place in the first week of August and that the transaction will be completed by September 2021. Furthermore, the weekly meeting also resolved to move the privatisation of assets owned by several ministries and agencies forward. Moreover, the Privatisation Commission also discussed the matter of the privatisation of Jinnah Convention Centre in Islamabad- a 7.5-acre building adjoining Constitution Avenue Islamabad &#8211; in collaboration with the Capital Development Authority (CDA). Similarly, the PC also agreed to expedite the work on the selloff of the 17 buildings and lands held by federal ministries and departments.\u00a0The committee also discussed the appointment of financial advisers to oversee the process.\u00a0\u00a0 Read: State-Owned Properties-Auction Day 1: Privatisation Commission fetches more than target revenue The meeting agreed to submit the cabinet with a summary&hellip;<\/p>\n","protected":false},"author":84,"featured_media":69903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[47159,47158],"persona":[],"class_list":{"0":"post-78306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-privatisation-of-state-own-land","9":"tag-service-international-hotel-sih-auction-on-cards","10":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Service International Hotel Privatisation on cards- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Privatisation Commission\u00a0 Chairman Mohammed Mian Soomro on Thursday (July 29) chaired a meeting to review the progress in the privatisation of\" \/>\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\/pc-auction-lahores-service-international-hotel.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Service International Hotel Privatisation on cards- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Privatisation Commission\u00a0 Chairman Mohammed Mian Soomro on Thursday (July 29) chaired a meeting to review the progress in the privatisation of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pc-auction-lahores-service-international-hotel.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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