The government intends to privatise 25 state-owned entities, including Pakistan International Airlines (PIA), Roosevelt Hotel, First Women Bank, Utility Stores Corporation, and various power ...

The Roosevelt Hotel, owned by PIA, is located in an area considered among the top 1% of the most expensive properties in the world. Sources said that before reaching its recommendation ...

Additionally, the proceeds from the privatisation of PIA and the sale of the Roosevelt Hotel will be used to settle the airline’s obligations. Sources also revealed that the IMF has approved the ...

the Pakistan government leased the Roosevelt Hotel, owned by Pakistan International Airlines (PIA), to the New York City Administration for three years in exchange for USD 220 million, according ...

including that of the Roosevelt Hotel in New York. The secretary privatisation commission further said that PIA's privatisation prospects have enhanced after the opening of European routes.

The meeting gave concurrence to the Privatization Commission for hiring of Financial Adviser to process and structure transaction of Roosevelt Hotel, New York, an asset of PIA.

As per an agreement reached last year, Pakistan rented out its iconic Roosevelt Hotel ... of the century-old hotel owned by the state-run Pakistan International Airlines (PIA).