{"id":70010,"date":"2020-09-03T10:00:00","date_gmt":"2020-09-03T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70010"},"modified":"2020-09-02T17:33:11","modified_gmt":"2020-09-02T12:33:11","slug":"funds-approved-for-meeting-financial-operational-requirements-of-pias-roosevelt-hotel","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/funds-approved-for-meeting-financial-operational-requirements-of-pias-roosevelt-hotel.html","title":{"rendered":"Funds approved for meeting financial operational requirements of PIA&#8217;s Roosevelt Hotel"},"content":{"rendered":"\n<p>Islamabad: The Economic Coordination Committee (ECC) on Wednesday provided its approval to the issuance of funds needed to meet the financial operational requirements of PIA\u2019s Roosevelt Hotel, a news source reported. In this regard, the committee gave its approval for issuing USD 142 million for the hotel situated in New York City.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/trump-expresses-interest-acquisition-roosevelt-hotel.html\" target=\"_blank\" rel=\"noreferrer noopener\">Trump expresses interest in acquisition of PIA\u2019s Roosevelt Hotel<\/a><\/p>\n\n\n\n<p>Advisor to the Prime Minister (PM) on Finance Abdul Hafeez Shaikh presided over the ECC meeting held in Islamabad. During the session, he also sanctioned the quarterly adjustment of K Electric tariff. He added that for this purpose, the provincial government would release PKR 4.7 billion from the budget approved for fiscal year 2020-21.<\/p>\n\n\n\n<p>Earlier, on the matter of PIA\u2019s Roosevelt Hotel, Shaikh had assured that all decisions pertaining to it would be taken in a transparent manner, and keeping national interest under consideration. He had also directed the officials concerned that all matters related to hotel should only be in favour of the country and not benefit any individual or party.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ecc-agrees-payment-roosevelt-hotels-outstanding-dues.html\" target=\"_blank\" rel=\"noreferrer noopener\">ECC agrees to payment of Roosevelt Hotel\u2019s outstanding dues<\/a><\/p>\n\n\n\n<p>Earlier, the ECC had also approved the payment of all outstanding dues arising from the debt attainment worth USD 105 million of the Roosevelt Hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) on Wednesday provided its approval to the issuance of funds needed to meet the financial operational requirements of PIA\u2019s Roosevelt Hotel, a news source reported. In this regard, the committee gave its approval for issuing USD 142 million for the hotel situated in New York City. Read: Trump expresses interest in acquisition of PIA\u2019s Roosevelt Hotel Advisor to the Prime Minister (PM) on Finance Abdul Hafeez Shaikh presided over the ECC meeting held in Islamabad. During the session, he also sanctioned the quarterly adjustment of K Electric tariff. He added that for this purpose, the provincial government would release PKR 4.7 billion from the budget approved for fiscal year 2020-21. Earlier, on the matter of PIA\u2019s Roosevelt Hotel, Shaikh had assured that all decisions pertaining to it would be taken in a transparent manner, and keeping national interest under consideration. He had also directed the officials concerned that all matters related to hotel should only be in favour of the country and not benefit any individual or party. Read: ECC agrees to payment of Roosevelt Hotel\u2019s outstanding dues Earlier, the ECC had also approved the payment of all outstanding dues arising from the debt&hellip;<\/p>\n","protected":false},"author":68,"featured_media":62985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15017],"tags":[38412],"persona":[],"class_list":{"0":"post-70010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-notices-announcements","9":"tag-details-on-funds-approved-for-meeting-financial-operational-requirements-of-pias-roosevelt-hotel","10":"cat-15012-id","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>PIA&#039;s Roosevelt Hotel: ECC approves funds - Zameen News<\/title>\n<meta name=\"description\" content=\"The ECC on Wednesday provided its approval to the issuance of funds needed to meet the financial operational requirements of PIA&#039;s Roosevelt Hotel.\" \/>\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\/funds-approved-for-meeting-financial-operational-requirements-of-pias-roosevelt-hotel.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIA&#039;s Roosevelt Hotel: ECC approves funds - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The ECC on Wednesday provided its approval to the issuance of funds needed to meet the financial operational requirements of PIA&#039;s Roosevelt Hotel.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/funds-approved-for-meeting-financial-operational-requirements-of-pias-roosevelt-hotel.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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