Islamabad
The Cabinet Committee on Privatisation (CCoP), in pursuance of a federal cabinet decision to dispose of unproductive state lands and assets, has allowed open auction bidding for 27 land assets owned by federal government entities.
Adviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh chaired the CCoP meeting held here at Cabinet Block on Tuesday during which the decision was taken.
Earlier, the CCoP discussed the issue in detail and approved the recommendations of the Transaction Committee, Inter-Ministerial Committee and Privatisation Commission Board for an open auction bidding procedure and total reserve price of Rs 6.62 billion for 27 properties belonging to different federal government divisions and entities.—INP
