Public to benefit from govt's abandoned assets: PM.

 
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ISLAMABAD -- Prime Minister Imran Khan on Thursday said that the proceeds of auctioned government-owned abandoned properties would be spent on public welfare.

Chairing a meeting to review progress on the productive utilization of the federal government's unused properties, the Prime Minister was informed that 32 federal government-owned abandoned properties worth billions of rupees had been identified in major cities for their onward auction.

Secretary Privatization briefed the meeting that properties had been identified in Islamabad, Lahore and Karachi with their estimated value in billions of rupees.

He said that out of 32 identified properties 27 were available and the process for recovery from illegal occupation and completion of ownership documents of rest five properties was in progress.

He said that the investors and overseas Pakistanis had shown keen interest in the said properties during an expo held in Dubai during the current month.

He said that after fulfilling all formalities, the schedule for their auction would be finalized and a local and international advertisement campaign would be launched in first week of January.

Imran says overseas Pakistanis showing interest to purchase abandoned properties

The prime minister expressed satisfaction on the process and said the utilization of abandoned properties and the utilization of the generated revenue for public welfare was vital component of government's policies.

He said, the abandoned properties located on key locations in major cities would be utilized for construction of low cost houses, schools and hospitals besides spending the revenue generated from their auction for provision of better amenities.

The prime minister also instructed the authorities concerned to share the information regarding the abandoned properties with Naya Pakistan Housing Authority so that such land could be utilized for the construction of low cost housing units.

He also directed all the ministries to amend their rules to ensure the utilization of the abandoned properties for public welfare and furnish report to cabinet within a week for early completion of the process.

He also instructed the government to accomplish the recovery of the government land from illegal occupation and complete the documentation of their ownership in coordination with the provincial governments.

Chairman Naya Pakistan Housing Authority apprised the prime minister about the progress on the construction of low cost housing...

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