Solar Park, state land sell off deferred

LAHORE: The Punjab government Friday deferred a proposal of privatization of billion of worth rupees provincial land in different districts of along with Quaid-e-Azam Solar Park on the pretext that limited provincial assets should be made profitable to increase the indigenous income of the Punjab instead of selling them.

Further, the auction of land made during years 2016, 2017 and 2018 by the previous government could not be approved. The outgoing government had auctioned over Rs995 million worth of land during the three years through the privatization board. However, the process remained incomplete. The Board of Revenue proposed that the auction made by the District Privatization Committees in years 2016, 2017 and 2018 but not approved by the former government may be transferred to the Auction Committee headed by Divisional Commissioners as the validity period of price assessment of one year has expired.

These decisions were made in the 22nd meeting of the Cabinet Committee for Privatization headed by Punjab Finance Minister Hashim Jawan Bakhat attended by Provincial Ministers Mohsin Laghari, Noman Ahmed Langrial, Fayaz Chohan, Chief Secretary Jawad Rafiq Malik, Secretary Finance Abdullah Sumbal, Senior Member Board of Revenue Baber Hayat Tarar and other officials. The meeting constituted a committee to review the auction made in the past. The Board of Revenue should provide the details of all privatized assets made under the Privatization Act 2010 till now. The meeting observed that public assets should not be privatized and converted them into revenue generation assets to increase the provincial government income. Further, the privatization of Quaid-e-Azam Solar Park was also deferred and it was instructed that the energy department should submit its proposals and recommendations which will be tabled before the Cabinet. The final decision would be made by the provincial cabinet in the light of the recommendations of the energy department. The energy department should provide details of income and expenditure details of the Quaid-e-Azam Solar Park.

The CCOP deferred all the proposals of the BOR for the privatization of the state land. The issue of the solar power plant could also be discussed with the federal government. The SMBR briefed the meeting that BOR had transferred 1,171 properties to the privatization board under Privatization Act 2010 out of which 497 properties were auctioned.