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Tag: Roosevelt Hotel

PIA privatisation
Latest
  • Web Desk
  • Aug 07, 2025
PIA, Roosevelt Hotel among 10 entities to be privatised in first phase

Privatisation Minister Abdul Aleem Khan presents list of 24 state-owned entities slated for privatisation in the National Assembly

Roosevelt Hotel
Latest
  • Zahid Gishkori
  • Jul 09, 2025
Govt approves JV plan for Roosevelt Hotel in major privatisation push

The Roosevelt Hotel has long been a strategic asset for Pakistan, but years of mounting costs have made privatization a necessity.

  • Web Desk
  • Jul 08, 2025
Four bidders approved for PIA; Roosevelt deal structure cleared

Pakistan has been seeking to sell a 51-100% stake in the struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund programme.

Latest
  • 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.

Latest
  • 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.

Roosevelt Hotel
Latest
  • Web Desk
  • Feb 13, 2025
Trump administration halts funding for Roosevelt Hotel

The Trump administration has halted funding to the FEMA, the agency responsible for the funding for the Roosevelt Hotel

Latest
  • Web Desk Karachi
  • Jan 13, 2025
Pakistan considers privatising Roosevelt Hotel in NY amid uncertainty over foreign interest

The recommendation comes after a two-year-long uncertainty over the hotel’s fate, which has been exacerbated by the change in the US administration.

Roosevelt hotel privatisation
Latest
  • 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.

The deadline for submitting bids for the outsourcing of Islamabad Airport was extended to October 7, the government announced on Thursday.
Latest
  • Web Desk
  • Aug 23, 2024
Deadline extended for Islamabad airport outsourcing bids

The extension aims to allow potential bidders more time to prepare and submit their proposals.

PIA CEO resigns
Latest
  • Web Desk
  • Aug 22, 2024
Privatisation Board approves financial advisors for PIA, Discos, and Roosevelt Hotel

The Privatisation Commission agreed to hire financial advisors to help with privatisation of Pakistan , Discos, and the Roosevelt Hotel.

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