Table of Contents

Lahore’s Services International Hotel Auctioned for Over 1.951bn

The Services International Hotel (SIH) in Lahore was auctioned off by the Ministry of Privatization on Thursday, with the highest bid exceeding the reserve amount by Rs 1, 951,718,500.

Read: Operations Against Illegal Constructions of Buildings by CDA

Muhammad Mian Soomro, the Federal Minister for Privatization, oversaw the sale at a nearby hotel. On Prime Minister Imran Khan’s directions, Soomro indicated that the auctioning of state-owned properties was being conducted in a transparent manner in the country.

According to him, the government intends to privatize all money-losing public sector departments, including Pakistan Steel Mill, Mari Petroleum, Jinnah Convention Centre Islamabad, SME Bank, First Women Bank, PPL, Guddu Power Plant, Heavy Electrical Complex, and other power businesses.

Read: Everything You Need to Know About Land Information Management Systems

The federal minister indicated that the privatization was conducted in compliance with the plan and the Privatization Act, and that the primary objective of the auction was to reduce the country’s debt repayment burden.

The winning bidder is renowned real estate developers Faisal Town (Pvt) Ltd, which has agreed to deposit the remaining funds within the specified timeframe.

Please contact Al Sadat Marketing for further assistance.

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Leave a Reply

Your email address will not be published. Required fields are marked *