Thirteen federal government properties auctioned in Lahore

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.”

Trends Stock

Trends Stock provides information about the latest and upcoming trends in the fields of technology, business, education and sports mainly in Pakistan. To keep pace with this fast growing age of development, one can easily build an opinion about the newest trends by scrolling through relevant sections of the website. The first hand reliable data eases the individual to analyze the cutting edge drifts in the related arenas while making any decision.

Previous Post
Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *