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PIA’s Roosevelt Hotel transaction structure finalised

The Cabinet Committee on Privatization (CCOP) has approved the proposed transaction structure for the PIA's iconic Roosevelt Hotel in New York in a major...

Privatisation Commission issues clarification on Roosevelt Hotel

ISLAMABAD: The Privatisation Commission clarified that its board neither approved the appointment of any financial advisor nor took any decision on the presentation made...

ECC okays $8mn for Roosevelt Hotel

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved $8 million to pay severance packages and operational expenses of the Roosevelt Hotel. The committee...

PIA signs new agreement for its Roosevelt Hotel in USA

KARACHI: Pakistan International Airline (PIA) has signed a new agreement for its Roosevelt Hotel in the United States of America, which help in generating...

ECC approves settlement agreement of Roosevelt Hotel

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the execution of the settlement agreement of the Roosevelt Hotel, New York...

Roosevelt Hotel: PC board approves hiring of financial advisor

ISLAMABAD: The Privatisation Commission (PC) Board approved the terms of reference for the hiring of a financial advisor for Roosevelt Hotel in its meeting...

Pakistan expected to sell shares of Roosevelt Hotel to Qatar

Pakistan is expected to sell shares of the Roosevelt Hotel in New York’s Manhattan to Qatar in return for the Doha investment in the...

ECC okays funds for ECP, Roosevelt Hotel, vaccine purchase

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) with Finance Minister Shaukat Tarin in the chair approved Tuesday grants for the Election Commission...

ECC to take up Roosevelt Hotel, COVID vaccine purchase issues today

ISLAMABAD: Economic Coordination Committee (ECC) meeting to be headed by Finance Minister Shaukat Tarin will mull over a three-point agenda regarding Roosevelt Hotel, local...

$17.3mn approved to clear Roosevelt Hotel’s liabilities

The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved $17.3 million grant to clear the liabilities of Roosevelt Hotel.

PIA decides it will fight for Roosevelt Hotel in Reko Diq case

It seeks to save New York based Roosevelt Hotel which is being evaluated by a British Virgin Islands court to settle the Reko Diq case

IHC seeks reply from federal govt on Roosevelt Hotel closure

The plea against the closure of PIA's iconic hotel was heard by Justice Aamir Farooq.

NAB orders inquiry into PIA’s Roosevelt Hotel closure

According to the anti-graft body spokesperson, the graft buster body chief has directed DG NAB Rawalpindi to unearth the causes of shutting down the hotel.