Islamabad: The capital city administration has finalised plans to sell the Jinnah Convention Centre (JCC) under the federal government’s privatisation policy, a news source reported.
Capital Development Authority (CDA) Chairman Amir Ali Ahmed briefed Prime Minister (PM) Imran Khan on the matter. They discussed matters pertaining to shelter homes, development of parks and slums, and anti-encroachment drive.
Ahmed said that CDA would spent the amount earned through JCC’s sale on development projects in the city. He added that the authority has also prepared a plan to this effect.
Federal Minister for Information Fawad Chaudhry recently said that the government wanted to sell loss-making entities in a bid to generate revenue.
To facilitate this measure, the premier had in February constituted a holding company (Sarmaya-e-Pakistan) for at least 195 state-owned enterprises. The PM himself heads the Board of Governors (BoG), which includes three federal ministers and seven experts from the private sector.
