Federal Cabinet approves plan to lease out airports, motorways
Federal Cabinet gives approval to the Finance Ministry's plan
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The Federal Cabinet on Tuesday approved the plan to lease out the country's airports and thoroughfares in order to generate billions of rupees to tide over the budget deficit, reported 24NewsHD TV channel.
The meeting of the Federal Cabinet was chaired by Prime Minister Imran Khan. The summary was sent to the cabinet for approval by the Finance Ministry.
According to sources, the federal government is once again trying to raise big loans by leasing out public assets.
The sources divulged that on Jan 26, the federal cabinet while rejecting the government’s summary had advised it to prepare a plan to lease out Islamabad Club instead of F9 Park. But the bureaucracy not only included the Islamabad Club but also added three airports, two motorways and Islamabad Expressway to the list of assets planned to be leased out.
It is pertinent to mention here that the Islamabad Club sprawling on 244 acres is exclusively reserved for bureaucrats, higher authorities and influential people.
It is ironic that on one hand, the government is claiming to have achieved economic stability and on the other, it is making a plan to acquire a huge loan.
Reporter Awais Kiyani