Lahore: Federal Minister for Privatisation Muhammad Mian Soomro has asked the Punjab government to expedite the ongoing privatisation of the Haveli Bahadur Shah Power Plant, Block Power Plant, Services International Hotel Lahore, as well as several other state enterprises, a news source reported.
He expressed his view on the matter during a meeting on
privatisation held on Thursday at the Civil Secretariat. Provincial Minister
for Law and Punjab Liquidation Board Committee Chairman Raja Basharat was also
present on the occasion.
The participants reviewed the obstacles in the privatisation
process and the changes that proposed in the local government laws and LDA
rules.
Soomro praised the provincial government’s cooperation with the Federal Privatisation Board. He further instructed the Lahore Development Authority (LDA) and the Privatisation Commission to speed up the work on privatisation.
In response, Basharat said that the Punjab government had amended
LDA Land Use Rules 2019, and Private Housing Scheme Rules 2014 on power plants
to speed the process of privatisation.
