Federal government decides to auction 27 valuable government properties
(10bmnews latest news) The federal government has decided to auction 27 valuable properties of various government departments under the privatization program which is expected to generate at least Rs6.62 billion. According to private TV privatization ministry officials said that the bidding for the auction of these government properties would take place between September 7 2020 and September 28 2020. The revenue from the auction of properties of various government departments is expected to be at least Rs6.62 billion. The list also includes lands, apartments shops and buildings. Officials say sources of income will not be asked for purchases for construction purposes. Yes 123 kanal property of Civil Aviation will also be auctioned. This property is located in Nawabshah, Rahim Yar Khan, Vehari. Besides it has been decided to sell 15 different properties of ERA in Islamabad, Lahore Haripur. The property of FBR Water Resources Trading Corporation will also be auctioned. The reserve price of 15 kanals of land in Faisalabad of FBR has been fixed at Rs. 64 crore. Will not be able to
