PID

PR No. 254
Privatisation of Services International Hotel Lahore The privatisation of the Services
Islamabad: November 22, 2024

International Hotel, Lahore (SIH) has been successfully concluded today with the signing ofthe sale agreement between Punjab Cooperative Board for Liquidation (PCBL) and Civic Company (Pvt) Limited (CCCL), Lahore Development Authority (LDA), Privatisation Commission and the buyer, at the Privatisation Commission (PC), Islamabad. The Minister for Privatisation/Chairman Privatisation Commission, Abdul Aleem Khan witnessed the signing ceremony. Ms Faisal Town (Pvt) Limited, was declared the successful bidder by the Privatisation Commission after an open public auction of the Services International Hotel in August 2021, the approval for which was granted by the Federal Cabinet on 27th October, 2021. Minister for Privatisation thanked all the stake holders including Government of the Punjab for their cooperation in amicable resolution of all pending issues to conclude this transaction. He emphasized the need for a whole of Government approach in implementing the privatisation programme and attracting private sector investments.

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PR No. 254 Privatisation of Services International Hotel Lahore The privatisation of the Services Islamabad: November 22, 2024

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PR No. 254
Privatisation of Services International Hotel Lahore The privatisation of the Services
Islamabad: November 22, 2024