The decision was taken by the cabinet committee which met today (Thursday) under the chairmanship of Adviser to the Prime Minister on Finance
Today's meeting also denotified the task force formed for the sale of the hotel. It was also agreed that the hotel would be started from scratch with a private entity.
The committee also agreed to appoint a financial adviser to help the government move towards initiating the joint venture.
Today's meeting was attended by ministers for communication, law and justice, privatisation and power and advisers on commerce and investment and institutional reforms and austerity.
A special invitation was also given to the minister for industries and production and the
On Wednesday it was reported the
As per a 'secret, most urgent' notice dated
However, the
The summary for the privatisation of the
The secretary agreed that it was not a good time to seek investment in view of the COVID-19, which has affected the business across the globe. He said the process would take a long time as a lot of things were yet to be sorted out before the privatisation.
© Pakistan Press International, source