ISLAMABAD: The federal government has decided to sell its precious unutilised state properties at the Dubai Expo to attract foreign and Pakistani investors to the country.
According to the sources, the federal government has decided to sell its precious unutilized state properties.
READ MORE: PM Imran Khan to chair CCI meeting on December 11
Through this exercise, the funds would be generated which will be spent on public welfare schemes related to education, health, food and housing.
It was decided at a meeting on abandoned state properties held at the Prime Minister Office on Wednesday.
The meeting was presided over by Prime Minister Imran Khan.
“These unutilised state properties will be marketed at the Dubai Expo to attract foreign and Pakistani investors to buy these assets.”
READ ALSO: PM Imran Khan hails SC verdict on Gen Bajwa’s extension
Privatisation Secretary Rizwan Malik informed the prime minister during the meeting.
The prime minister directed the authorities concerned to sell all precious abandoned properties of the state and to spend the money to be fetched from their sale on the welfare of the masses.
The prime minister said that despite having properties worth billions of rupees, state institutions were bearing losses of billions of rupees every year.
“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.
READ MORE: PM Imran Khan to chair meeting of economic team
He observed that different federal departments and institutions had been running into annual losses despite having such precious assets.
Download MM News mobile application and keep yourself updated.