Iftar Timings Mar 19 - Ramazan 8

Lahore
LHR
06:14 PM
Karachi
KHI
06:43 PM
Islamabad
ISB
06:19 PM
Peshawar
PWR
06:23 PM
Quetta
QTA
06:43 PM

News

Cabinet committee approves privatizing Services Int’l Hotel for Rs1.96b

September 10, 2021 09:59 PM


The Cabinet Committee on Privatization Friday approved the summary of privatization of the Services International Hotel Lahore for Rs1.96 billion.

According to the 24News HD TV channel, the cabinet committee held a meeting that was headed by the Federal Minister for Finance Shaukat Tareen.

As per the declaration issued by the cabinet committee after the meeting, Rs1.96 billion have been received from the auction for privatization of the Hotel.

In the meeting, the Privatization Commission Board secretary briefed the committee on steps for privatization or restructuring of institutions.

Addressing the meeting, the finance minister directed to speed up privatization process and said privatization could improve performance in the public sector.

Minister for Planning Asad Umar, Minister for Privatization Mian Soomro, federal secretaries, the SECP chairman and others attended the meeting.

Reporter: Waqas Azeem

 

 



Most Read

  1. Google invites Pakistan’s youngest vlogger Shiraz and sister Muskan to USA Google invites Pakistan’s youngest vlogger Shiraz and sister Muskan to USA
  2. Well-known builder Asif Razaq Deenar arrested at Karachi airport Well-known builder Asif Razaq Deenar arrested at Karachi airport
  3. Caught in the act: Corrupt cops fired as video goes viral Caught in the act: Corrupt cops fired as video goes viral
  4. Ahmed Baig delivers Pakistan's first International Golf Victory in more than 25 years Ahmed Baig delivers Pakistan's first International Golf Victory in more than 25 years
  5. Religious Brotherhood: Tharparkar’s Hindu facilitiates Muslim in Ramazan Religious Brotherhood: Tharparkar’s Hindu facilitiates Muslim in Ramazan
  6. GREAT PEOPLE TO FLY WITH: PIA air hostess flies to Toronto without passport GREAT PEOPLE TO FLY WITH: PIA air hostess flies to Toronto without passport

Opinion

  1. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  2. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  3. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  4. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  5. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer

  6. From White Elephant to Success: BRI Project Witnesses Surge in Ridership
    From White Elephant to Success: BRI Project Witnesses Surge in Ridership

    By Ali Ramay