{"id":69226,"date":"2020-08-13T11:57:19","date_gmt":"2020-08-13T06:57:19","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69226"},"modified":"2020-08-13T11:57:21","modified_gmt":"2020-08-13T06:57:21","slug":"ecc-agrees-payment-roosevelt-hotels-outstanding-dues","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-agrees-payment-roosevelt-hotels-outstanding-dues.html","title":{"rendered":"ECC agrees to payment of Roosevelt Hotel\u2019s outstanding dues"},"content":{"rendered":"\n<p>Islamabad: The Economic Coordination Committee (ECC) on Wednesday approved the payment of all outstanding dues resulting from a USD 105 million debt attainment procured by the Pakistan International Airline (PIA)-owned Roosevelt Hotel located in New York City&#8217;s Manhattan borough \u2014 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/piail-seeks-govt-funding-revive-roosevelt-hotel.html\" target=\"_blank\" rel=\"noreferrer noopener\">PIAIL seeks govt funding to revive Roosevelt Hotel<\/a><\/p>\n\n\n\n<p>The committee further directed the Finance Division to deliberate with other relevant divisions of the government and come up with a formal structure for the payment\/refinancing of the debt \u2014 as per the schedule of the hotel\u2019s loan. The same will be submitted in the next meeting of the ECC for formal approval.<\/p>\n\n\n\n<p>The ECC meeting also approved amendments to the Import Policy 2016 that are aimed at streamlining the trade of live animals and meat products as per the international practices.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/senate-body-bars-govt-privatising-roosevelt-hotel-during-pandemic.html\" target=\"_blank\" rel=\"noreferrer noopener\">Senate body bars govt from privatising Roosevelt Hotel during pandemic<\/a><\/p>\n\n\n\n<p>A proposal submitted by the Finance Division to allow the Asian Development Bank to launch Offshore Pakistani Rupee-Linked Bonds was also approved during the session.<\/p>\n\n\n\n<p>In addition, the ECC expanded the scope of the Prime Minister\u2019s Kamyab Jawan programme to all the citizens of the country, by making its criteria more inclusive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) on Wednesday approved the payment of all outstanding dues resulting from a USD 105 million debt attainment procured by the Pakistan International Airline (PIA)-owned Roosevelt Hotel located in New York City&#8217;s Manhattan borough \u2014 a news source reported. Read: PIAIL seeks govt funding to revive Roosevelt Hotel The committee further directed the Finance Division to deliberate with other relevant divisions of the government and come up with a formal structure for the payment\/refinancing of the debt \u2014 as per the schedule of the hotel\u2019s loan. The same will be submitted in the next meeting of the ECC for formal approval. The ECC meeting also approved amendments to the Import Policy 2016 that are aimed at streamlining the trade of live animals and meat products as per the international practices. Read: Senate body bars govt from privatising Roosevelt Hotel during pandemic A proposal submitted by the Finance Division to allow the Asian Development Bank to launch Offshore Pakistani Rupee-Linked Bonds was also approved during the session. In addition, the ECC expanded the scope of the Prime Minister\u2019s Kamyab Jawan programme to all the citizens of the country, by making its criteria more inclusive.<\/p>\n","protected":false},"author":57,"featured_media":63188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[21953,33449,36907],"persona":[],"class_list":{"0":"post-69226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-economic-coordination-committee-ecc","9":"tag-roosevelt-hotel","10":"tag-roosevelt-hotel-debt","11":"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>ECC agrees to clear Roosevelt Hotel\u2019s outstanding dues - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Economic Coordination Committee (ECC) on Wednesday approved the payment of all outstanding dues resulting from a USD 105 million debt attainment procured by the Pakistan International Airline (PIA)-owned Roosevelt Hotel located in New York City&#039;s Manhattan borough \u2014 a news source reported.\" \/>\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\/ecc-agrees-payment-roosevelt-hotels-outstanding-dues.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC agrees to clear Roosevelt Hotel\u2019s outstanding dues - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Economic Coordination Committee (ECC) on Wednesday approved the payment of all outstanding dues resulting from a USD 105 million debt attainment procured by the Pakistan International Airline (PIA)-owned Roosevelt Hotel located in New York City&#039;s Manhattan borough \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-agrees-payment-roosevelt-hotels-outstanding-dues.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-13T06:57:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-13T06:57:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/GoP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ECC agrees to clear Roosevelt Hotel\u2019s outstanding dues - Zameen News","description":"Islamabad: The Economic Coordination Committee (ECC) on Wednesday approved the payment of all outstanding dues resulting from a USD 105 million debt attainment procured by the Pakistan International Airline (PIA)-owned Roosevelt Hotel located in New York City's Manhattan borough \u2014 a news source reported.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/ecc-agrees-payment-roosevelt-hotels-outstanding-dues.html","og_locale":"en_US","og_type":"article","og_title":"ECC agrees to clear Roosevelt Hotel\u2019s outstanding dues - Zameen News","og_description":"Islamabad: The Economic Coordination Committee (ECC) on Wednesday approved the payment of all outstanding dues resulting from a USD 105 million debt attainment procured by the Pakistan International Airline (PIA)-owned Roosevelt Hotel located in New York City's Manhattan borough \u2014 a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/ecc-agrees-payment-roosevelt-hotels-outstanding-dues.html","og_site_name":"Pakistan Real Estate News &amp; 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