ISLAMABAD: The Ministry of Privatisation has auctioned one property owned by the Aviation Division in Vehari.

The reserved price for the property is 5.7 million rupees and was auctioned in Rs 16.7 million.

So far, 21 properties out of 26 have been auctioned with more than Rs 1 billion proceeds. The next stop will be at Rahim Yar Khan, Nawab Shah, Abbottabad, and Lahore. The republic motors' land is worth more than over Rs 5 billion.

The money thus, received will be used for debt retirement and poverty alleviation.

Copyright Business Recorder, 2020