Govt to Sell Unutilized State Properties at the Dubai Expo – Research Snipers

Govt to Sell Unutilized State Properties at the Dubai Expo

It has been decided by the federal government to sell the unused and unutilized state properties at the Dubai Expo. The aim is to attract foreign and Pak investors in the country. The funds that will be generated from this exercise will be used on public welfare schemes. These schemes will be related to social welfare like education, health, food, and housing. At a meeting held at the Prime Minister Office, this decision was made.

Prime Minister Imran Khan presided the meeting. Privatization Secretary Rizwan Malik informed the prime minister during the meeting, “These unutilized state properties will be marketed at the Dubai Expo to attract foreign and Pakistani investors to buy these assets.”

The PM has given directives to the concerned authorities to sell all the precious unused properties of the state and then spend the money on the welfare of the masses.

Must read: TIP Demand From UAE And British Government: Freeze Properties Of Dual National Pakistanis

The Prime Minister said, “Utilisation of properties worth billions of rupees will help generate funds which will be spent by the government on public welfare schemes such as schools, colleges, hospitals. It is an important component of the government’s policy.”

Adding, “Unfortunately, criminal negligence was done by the previous governments as they did not utilizing these valuable properties. Despite billions of rupees’ assets, various federal government institutions are bearing losses of billions of rupees every year.”

The Prime Minister has given a warning that strict action will be taken against those government officials who have not identified their unused properties or try to hide them.

The Asset Management Committee and federal ministries have been directed by the Prime Minister along with the provincial government to resolve the issues that are related to identified properties.

Mini­ster for Ports and Shipping, Ali Haider Zaidi, Minister for Privatisation Mian Muhammad Soomro, Assistant Secre­tary for Overseas Pakistanis Syed Zul­fiqar Abbas Bukhari, Special Assis­tant to the Prime Minister on Informa­tion Dr. Firdous Ashiq Awan, Spokes­person to Prime Minister Nadeem Afzal Chen and federal secretaries attended the meeting.

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