[NYguy]

https://dunyanews.tv/en/Pakistan/585...ld-Senate-told

Roosevelt Hotel not being sold: Senate told


Published On 26 January,2021

Minister for Aviation Division Ghulam Sarwar Khan Tuesday apprised the Senate that Roosevelt Hotel was not being sold, however, it was being leased out for setting up a joint venture project.

The Cabinet Committee on Privatization in its meeting held on November 15, 2019 considered the proposal submitted by the Ministry of Privatization regarding leasing out the Roosevelt site, he added.

Replying to a question during the Question Hour, the minister said the same was under process in the Ministry of Privatization.

https://timesofislamabad.com/28-Jan-...-reko-diq-case

PIA Roosevelt Hotel may be sold by British Virgin Islands Court for settlement of Reko Diq case


28 Jan, 2021

Pakistan International Airlines (PIA) has announced that it will fight to save its property – the Roosevelt Hotel in Manhattan, New York – which is being evaluated by the British Virgin Islands (BVI) court for the settlement of the Reko Diq case.

The national flag carrier has hired its own lawyer and is seeking the assistance of high court lawyers as it prepares to fight the case via its subsidiary established in the BVI, Pakistan International Airlines Investment Limited (PIAIL).

https://propakistani.pk/2021/01/28/p...-its-property/

PIA Will Fight To Protect The Roosevelt Hotel as Its Property


Jan 28, 2021
by Darakhshan Anjum

The Reko Diq case is ongoing international litigation between the Government of Pakistan and the Tethyan Copper Company (TCC) that was filed by the latter over the cancellation of its mining license in Balochistan.

Earlier, it was reported that Pakistan is considering a second bailout package worth $35.58 million for the Roosevelt Hotel, and the Economic Coordination Committee (ECC) of Pakistan has decided to set up a panel to provide the package.