The Punjab Privatization Board has been established under PPB Act, 2010 for carrying out a competitive, fair and transparent process for effecting privatization of the properties of the Government and to provide for an expeditious mechanism to resolve disputes relating to privatization and to provide for ancillary matters. The Board is a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Act, to enter into agreement, acquire, hold, manage, and dispose of property, and to sue and be sued in its name. The Board consists of a Chairperson and ten members. The Board operates in accordance with its approved terms of reference for implementing privatization policy of the Government of the Punjab. The surplus and redundant Government properties i.e. State Agricultural Land, Commercial, Residential and Industrial Land which are identified by District Revenue Authorities are referred by the Board of Revenue to Punjab Privatization Board for privatization with the approval of the Government in order to generate funds for development projects. Before putting to action, such properties are evaluated through the District Price Assessment Committee and private evaluators.
Our Vision
To be agent of change, implementing transactions that contribute significantly in transforming Pakistan into vibrant economy.
Our Mission
To undertake the process of privatization of public assets in a transparent and competitive manner fetching the best monetary benefits to the public exchequer.