Islamabad: The federal government has announced its decision to delist five properties from its privatisation programme and has further decided to hand over three of them to the Naya Pakistan Housing Authority (NPHA), a news source reported. It made the announcement following its receipt of statements of qualification (SOQs) from three parties for the sale of two power plants worth USD 2 billion.
The decision was taken by the Cabinet Committee on Privatisation (CCOP) in a meeting presided over by Advisor to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh. The properties have been handed over to the NPHA for the construction of affordable housing units which will then be offered to the general public.
The properties include an 18.8 kanal plot owned by the Pakistan Post in F-15, Islamabad, 841.6 kanals of commercial/agricultural land on Multan Road, Lahore, and 928 kanals of commercial land in Pipri, Karachi. Moreover, two properties belonging to FBR include an IRS Colony of four kanals in Lahore and 50-acre land on Hawksbay Road, Mauripur, in Karachi.
The meeting was also informed that three SOQs had been received so far. These applications were received from investors hailing from Malaysia, Thailand and Japan.
