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Tag: Cabinet Committee on Privatisation

Business
  • Web Desk Karachi
  • Mar 12, 2025
Privatisation of Roosevelt Hotel moves forward as CCOP weighs sale vs. partnership options

Pakistan hired Jones Lang LaSalle Americas as the financial advisor for the Roosevelt privatisation process at a cost of Rs2.1 billion, that emphasised on a joint venture option for future development of a multi-story mixed-use skyscraper, citing its expertise in the New York real estate market.

Business
  • Web Desk Karachi
  • Mar 11, 2025
Government commits to PIA privatisation by July, Roosevelt Hotel’s future still in limbo

In a briefing to the IMF regarding the stalled privatisation agenda in Pakistan, federal authorities indicated a commitment to privatise between five to seven entities. This includes PIA, three financial institutions, and three power distribution companies.

Business
  • Web Desk Karachi
  • Feb 04, 2025
IMF agrees to remove 18pc GST on new aircraft to facilitate PIA privatisation

During the meeting, the Privatisation Commission chairman provided updates on PIA’s potential privatisation, noting that the second attempt is now fully prepared, with multiple returning bidders actively engaged in the process.

Roosevelt hotel privatisation
Business
  • Web Desk
  • Aug 24, 2024
Privatisation commission defers decision on financial advisor for Roosevelt Hotel

The Privatisation Commission (PC) Board, during its meeting on 20th August 2024, did not reach any conclusions regarding the appointment of a financial advisor or on the presentation related to the Roosevelt Hotel.

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