PID

PR No.188 PRESS RELEASE Handing over of Mutation Deed of FBR land situated at Faisalabad to the Successful Buyer Islamabad, [September 22, 2023]

- The Federal Minister for Privatisation, Mr. Fawad Hassan Fawad, met Mr. Sohail Ilahi, CEO Kiran Builders & Developers (Pvt) Ltd and handed over the mutation deed of the FBR land situated at Faisalabad to him in his office today. The land measuring 15 Kanals land situated at Faisalabad was auctioned by Privatisation Commission in Sept 2020 on behalf of the Federal Board of Revenue (Custom Department), while the full payment was made in Feb 2021. The transaction faced legal issues from Government of Punjab and land could not be transferred to the successful buyer. Privatisation Commission made persistent efforts to resolve the bottlenecks and obtain necessary NoCs from the Board of Revenue Punjab. Due to the personal efforts of the Minister for Privatisation, the land was successfully mutated on Sept 20, 2023. The buyer expressed his gratitude to the Privatisation Commission, particularly to the Federal Minister and the Secretary, for their personal efforts. He further said that such proactive measures by the PC enhances the confidence.

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