Pakistan Railways has rejected the offer made by a consortium led by Pakistan Services Limited (PSL) – Hashoo Group, in partnership with Golfscape LDA Portugal, Platinum Construction Limited and Warm Waters Advisory Pakistan, to manage the prestigious Royal Palm Golf and Country Course. club.
The decision, officially announced by Pakistan Railways, marks an important development in the long-running saga surrounding the club’s management.
While the notification did not explain the specific reasons for the rejection, reports indicate that the decision stemmed from strict adherence to procedural and regulatory standards.
The consortium had previously announced ambitious plans to transform the Royal Palm Golf and Country Club into a leading entertainment and sports destination.
Their proposal included significant investment to develop the golf course, offer five-star accommodation, and host international golf events to attract foreign and domestic tourism.
However, with the offer now rejected, the club’s management future remains uncertain.
The Royal Palm Club, located in Lahore, has been at the center of controversy over licensing and leasing operations, mostly due to its prime location and high-profile clientele.
This latest rejection underscores the cautious approach taken by Pakistan Railways to ensure transparency and due diligence in awarding contracts for its assets.
Industry observers point out that the rejection could pave the way for a re-evaluation of offers or the opening of a new bidding process.
Pakistan Railways is yet to announce its next steps regarding the management of the club.
This move follows the government’s recent efforts to revitalize state-owned assets, with a focus on transparency and efficient use to promote economic growth.