{"id":67413,"date":"2020-07-02T14:27:26","date_gmt":"2020-07-02T09:27:26","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67413"},"modified":"2020-07-02T14:27:27","modified_gmt":"2020-07-02T09:27:27","slug":"ccoc-to-take-up-privatisation-of-pia-hotel-in-new-york","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ccoc-to-take-up-privatisation-of-pia-hotel-in-new-york.html","title":{"rendered":"CCOC to take up privatisation of PIA hotel in New York"},"content":{"rendered":"\n<p>Islamabad: The Cabinet Committee on Privatisation (CCOP) is set to deliberate the privatisation of the Roosevelt Hotel in a meeting set to take place either today (Thursday), according to new sources. The Roosevelt Hotel is located in Manhattan, New York and is owned by Pakistan International Airlines (PIA).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pia-acquires-access-to-amadeus-global-travel-seller-network.html\" target=\"_blank\" rel=\"noreferrer noopener\">PIA acquires access to Amadeus\u2019 global travel seller network<\/a><\/p>\n\n\n\n<p>The aviation division has already prepared the summary for the privatisation of the hotel. Adviser on Finance and Revenue Hafeez Shaikh will be heading this discussion, which is to be held in the Prime Minister (PM) Imran Khan\u2019s office.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pia-essential-services-act-repatriation-rescue-evacuation.html\" target=\"_blank\" rel=\"noreferrer noopener\">Essential Services Act imposed to facilitate PIA in citizen repatriation, evacuation operations<\/a><\/p>\n\n\n\n<p>According to the source, Privatisation Ministry\/Commission Secretary Rizwan Malik has said that the <a href=\"https:\/\/www.zameen.com\/news\/govt-looking-to-privatise-49-public-companies-in-five-years.html\" target=\"_blank\" rel=\"noreferrer noopener\">hotel<\/a> is not being sold, instead the objective of privatisation is to involve investors to increase profit share for the PIA and improve the condition of the asset. He said that the said method will be based on the decision made by the CCOP, federal cabinet and the Privatisation Commission board.<\/p>\n\n\n\n<p>Meanwhile, during the seventies \u2013when PIA was enjoying a peak and profitable time \u2013 it purchased four hotels in Riyadh, Abu Dhabi, New York, and Paris. However, the hotels in Abu Dhabi and Riyadh were sold. The hotels in New York and Paris are still retained by the PIA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Cabinet Committee on Privatisation (CCOP) is set to deliberate the privatisation of the Roosevelt Hotel in a meeting set to take place either today (Thursday), according to new sources. The Roosevelt Hotel is located in Manhattan, New York and is owned by Pakistan International Airlines (PIA). Read: PIA acquires access to Amadeus\u2019 global travel seller network The aviation division has already prepared the summary for the privatisation of the hotel. Adviser on Finance and Revenue Hafeez Shaikh will be heading this discussion, which is to be held in the Prime Minister (PM) Imran Khan\u2019s office. Read: Essential Services Act imposed to facilitate PIA in citizen repatriation, evacuation operations According to the source, Privatisation Ministry\/Commission Secretary Rizwan Malik has said that the hotel is not being sold, instead the objective of privatisation is to involve investors to increase profit share for the PIA and improve the condition of the asset. He said that the said method will be based on the decision made by the CCOP, federal cabinet and the Privatisation Commission board. Meanwhile, during the seventies \u2013when PIA was enjoying a peak and profitable time \u2013 it purchased four hotels in Riyadh, Abu Dhabi, New York, and Paris.&hellip;<\/p>\n","protected":false},"author":75,"featured_media":63678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15017],"tags":[33448,33450,108,33451,33449],"persona":[],"class_list":{"0":"post-67413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-notices-announcements","9":"tag-ccoc-to-take-up-privatisation-of-pia-hotel-in-new-york","10":"tag-manhattan","11":"tag-new-york","12":"tag-pia-hotel-in-new-york","13":"tag-roosevelt-hotel","14":"cat-20385-id","15":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CCOC to take up privatisation of PIA hotel in New York - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Cabinet Committee on Privatisation (CCOP) is set to deliberate the privatisation of the Roosevelt Hotel in a meeting set to take place\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ccoc-to-take-up-privatisation-of-pia-hotel-in-new-york.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCOC to take up privatisation of PIA hotel in New York - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Cabinet Committee on Privatisation (CCOP) is set to deliberate the privatisation of the Roosevelt Hotel in a meeting set to take place\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ccoc-to-take-up-privatisation-of-pia-hotel-in-new-york.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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