ISLAMABAD: In a meeting held on Tuesday the Cabinet Committee on Privatisation (CCOP) has decided to exclude five prime properties from the privatisation list.
Sources privy to the matter told Profit that the cabinet committee under the chair of Advisor to Prime Minister on Finance Hafeez Shiekh on the proposal of privatisation commission has directed to exclude five properties belonging to the Ministry of Information, Federal Board of Revenue (FBR) and Pakistan Post from the privatisation list.
The properties include two buildings of Radio Pakistan in Multan and Karachi, an 841 Kanal piece of land in Mohlanwala, Multan Road, Lahore, where a high power transmission station has already been established and a second 928 Kanal piece of land in receiving centre Pipri Karachi.
In addition to this, two properties belonging to the FBR, which include a 40 Kanal piece of land in IRS colony in Lahore and a second 50-acre piece of land located on Hawke’s Bay Road Mauripur Karachi.
Moreover, CCOP has also excluded an 18 Kanal and 8 Marla property belonging to Pakistan post, located in F15 Islamabad and which is now under the control of Capital Development Authority (CDA).
Sources said that CCOP has also given the approval to transfer the three properties belonging to Radio Pakistan and the 50 acres Hawke’s Bay land to Naya Pakistan Housing Authority.
Sources said that the 50 acre land in Hawksbay Karachi belonging to FBR has already been encroached by the locals, meanwhile, the tax officials had informed Prime Minister Imran Khan on this matter in previous meetings.
Sources also added that the finance minister expressed displeasure over the officials that why these properties were included in the privatisation list, to begin with. He directed the ministry to submit clear and alternate properties against the properties excluded from the privatisation list.
It is pertinent to mention that the privatisation list initially included 32 properties out of which, five have been removed on the orders that clear and alternative properties will be submitted and three of these five have been transferred to the Naya Pakistan Housing Project.
