Federal Minister for Privatization Mian Muhammad Soomro has directed the Punjab government to intensify the ongoing process of privatization of Haveli Bahadur Shah Power Plant, Block Power Plant, Services International Hotel Lahore and other assets. He held a meeting on privatization here on Thursday in the Civil Secretariat.
Provincial Minister for Law and Chairman Punjab Liquidation Board Committee Raja Basharat was also present on the occasion. The meeting discussed the obstacles to the ongoing privatization process within the province and appropriate amendments to the Local Government and LDA rules.
Mian Mohammad Soomro said that Punjab Government’s cooperation with the Federal Privatization Board is commendable.
He said that both the LDA and the Privatization Commission should speed up the process for privatization of the Services International Hotel Lahore.
He also thanked provincial minister for law, Raja Basharat, for required legislation and other cooperation to make the process of privatization faster and easier. Raja Basharat said that to speed up the privatization process, the Punjab Cabinet has approved LDA Land Use Rules 2019, LDA Land Use Rules 2014 and Private Housing Schemes Rules 2014 on power plants.
He said these legal amendments would speed up the privatization process. Federal Additional Secretary Privatization Khaqan Babar, Additional Chief Secretary Punjab Shaukat Ali, Secretary Irrigation Punjab Syed Ali Murtaza, DGLDA and other officers of the concerned departments also attended the meeting and gave briefing regarding their respective departments.
