Thirteen government properties located in Lahore auctioned on Wednesday for PKR 179.354 million, in second phase of the auction of federal government owned properties. Federal Minister for Privatisation Mohammed Mian Soomro was present on the occasion.
As per official statement “The auction included 13 government properties located in different parts of Lahore. These include WAPDA owned commercial property located at Nicolson Road Lahore, three (3) shops located at M.M. Alam Road and nine (9) apartments owned by ERRA located at Ferozpur Road, Lahore. Against the reserve price of Rs. 175.005 million, Privatisation Commission was successful to auction all thirteen properties and able to generate Rs. 179.354 million for the national exchequer.” “The privatization proceed are primarily used for retirement of national debt and also for the poverty alleviation. While talking to the media, Federal Minister expressed that all privatization transactions are being carried out in a most transparent manner as per the privatization legal framework.”