Roosevelt Hotel

Privatisation board establishes committee to conclude financial services deal

Will be given this status after 100 years since its construction

ECC approves increase in existing MRPs of essential drugs equal to 70% increase in CPI

Official says govt intends to seek joint venture for mixed use of New York property

Cabinet committee decides to hire firm for leasing the asset in New York

Two old Chancery buildings in Washington lying vacant since 2003

Plan for leasing out the site, reopening of the hotel being explored

US media report says closure will render 431 employees jobless

Court adjourns hearing for one week

Endorses nomination of 10 board members for a period of three years

Financing needed to lift New York hotel out of debt trap, secure its assets

Opts to get third-party advice instead of giving Roosevelt Hotel on lease

PC board gives nod to transaction structures

US President Trump interested in buying PIA-owned hotel in New York

CCOP authorises hiring of financial adviser to finalise transaction structure

Inter-ministerial coordination will further be improved for a robust privatisation programme, says PM Imran Khan

Privatisation minister says PIA faces shortage of aircraft

Complains summary for privatisation of PIAIL assets shared just before ECC meeting

Roosevelt Hotel to be converted into a ‘mixed use’ building at a cost of US$27 million

Privatisation Commission says privatisation of PIA property has not yet been initiated