LAHORE: 19 out of 27 government owned Properties auctioned. In the third phase of the auction of government owned Properties, the Property located at Gujranwala (_Plot/Khasra No2385, Near Royal Palm City, Housing scheme near Railway Phatak, Atawa, Gujranwala_) is auctioned on 20.6 million rupees, the reserved price of the aforementioned property was 20 million.
It is pertinent to mention that out of total 27 Properties 19 have been auctioned so far, the largest of these would be the last one. That's is the land of Republic Motors Limited, the reserved price for RML is more than 5 billion rupees. The 90% of money thus received would go for debt retirement and rest of the 10% for poverty alleviation in the country. In the next step Government owned Properties in Faisalabad, Vehari, Multan, Rahim Yar Khan and Kagan will be auctioned