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Cabinet decides to sell off property of federal ministries

The federal cabinet on Tuesday decided to sell off property and assets of different federal ministries and allied departments worth trillions of rupees with a view to generating revenue to support the country’s crippling economy.

Latest News: Pakistani student murders professor over proposed co-ed party: police 

Interestingly, Pakistan Tehreek-i-Insaf leader Jehangir Tareen, who was disqualified for being ‘dishonest’ by the Supreme Court in a case in December 2017, made an appearance after a long gap and gave briefing on the Rs290 billion National Agriculture Emergency Programme (NAEP) to the cabinet that later approved it.

The cabinet also decided to change the procedures for appointment of the heads of departments of different government organisations, empowering federal ministers to appoint them.

The meeting was also apprised that 3.2 million gas consumers had suffered due to inflated billing during the past three months and decided to take action against bigwigs involved in the scam.

Sharing details of the meeting with the media, Information Minister Fawad Chaudhry told a press conference that the government had decided to sell off assets and properties of federal ministries and allied departments which were not in use.

“Prime Minister Imran Khan has sought lists of properties of ministries for disposal,” the minister said, adding that the ministries had already finalised their lists and sent them to the federal cabinet

Asked how the government could sell its assets without adopting proper liquidation process, Mr Chaudhry said the government would first adopt a uniform policy for disposal of all such properties, because every public organisation had their own disposal policy hampering the government’s plan to dispose of abandoned properties or those which were not in use. “The uniform policy will also describe a modus operandi to legally sell off the properties,” he said.

 

The information minister said a committee comprising ministers Zulfi Bukhari, Ali Zaidi, Murad Saeed, Ali Amin Gandapur and Hammad Azhar had been formed to sell the government assets.

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India's River Diversion Plan and South Asia's Waters

More dams are to come, as India’s need to power its economy means it is quietly spending billions on hydropower in Kashmir. The Senate report totted up 33 hydro projects in the border area with Pakistan. The state’s chief minister, Omar Abdullah, says dams will add an extra 3,000MW to the grid in the next eight years alone. Some analysts in Srinagar talk of over 60 dam projects, large and small, now on the books. (This special report has appeared in the Bulletin on Current Affairs - February 2012, you may have to Buy the print edition to read full story)

More in the Edition:

South Asia's Water - a growing rivalry

Indian, Pakistani & Chinese Border Disputes

India's River Diversion Plan: Its impact on Bangladesh

Water Crisis can Trigger nuclear war in South Asia

Reclaimed Water - the Western Experience

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