{"id":77118,"date":"2021-06-18T10:00:00","date_gmt":"2021-06-18T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=77118"},"modified":"2021-06-17T16:57:01","modified_gmt":"2021-06-17T11:57:01","slug":"ecc-grant-clear-roosevelt-hotel-liabilities","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-grant-clear-roosevelt-hotel-liabilities.html","title":{"rendered":"ECC approves grant to clear liabilities of PIA&#8217;s Roosevelt Hotel in NY"},"content":{"rendered":"\n<p>Islamabad: The Economic Coordination Committee (ECC) on Wednesday (June 16), approved a grant worth USD 17.3 million to settle Pakistan International Airline (PIA)\u2019s Roosevelt Hotel\u2019s liabilities, a news source reported. The ECC meeting was presided over by Finance Minister Shaukat Tarin.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/court-releases-pias-assets-in-reko-diq.html\" target=\"_blank\" rel=\"noreferrer noopener\">International court releases PIA\u2019s assets in Reko Diq lawsuit<\/a><\/p>\n\n\n\n<p>In January 2021, PIA announced to fight for the Roosevelt Hotel, which was pledged in the Reko Diq mining lawsuit and was being evaluated by a British Virgin Islands (BVI) court to settle the dispute. According to sources, PIA has begun working with the high court counsel to rescue the hotel.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pia-to-resume-air-safari-service-after-two-years.html\" target=\"_blank\" rel=\"noreferrer noopener\">PIA to resume Air Safari service after two years<\/a><\/p>\n\n\n\n<p>The meeting also approved grant for the state news agency and television channel. Further, the meeting members reviewed a report on operation losses incurred on petrol supply via pipelines and approved 0.5% of these loses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) on Wednesday (June 16), approved a grant worth USD 17.3 million to settle Pakistan International Airline (PIA)\u2019s Roosevelt Hotel\u2019s liabilities, a news source reported. The ECC meeting was presided over by Finance Minister Shaukat Tarin. Read: International court releases PIA\u2019s assets in Reko Diq lawsuit In January 2021, PIA announced to fight for the Roosevelt Hotel, which was pledged in the Reko Diq mining lawsuit and was being evaluated by a British Virgin Islands (BVI) court to settle the dispute. According to sources, PIA has begun working with the high court counsel to rescue the hotel. Read: PIA to resume Air Safari service after two years The meeting also approved grant for the state news agency and television channel. Further, the meeting members reviewed a report on operation losses incurred on petrol supply via pipelines and approved 0.5% of these loses.<\/p>\n","protected":false},"author":84,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[14927,36907],"persona":[],"class_list":{"0":"post-77118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-reko-diq","9":"tag-roosevelt-hotel-debt","10":"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 approves grant to clear Roosevelt Hotel Liabilities - Zameen News<\/title>\n<meta name=\"description\" content=\"The Economic Coordination Committee (ECC) on Wednesday (June 16), approved a grant worth USD 17.3 million to settle Pakistan International Airline (PIA)\" \/>\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-grant-clear-roosevelt-hotel-liabilities.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC approves grant to clear Roosevelt Hotel Liabilities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Economic Coordination Committee (ECC) on Wednesday (June 16), approved a grant worth USD 17.3 million to settle Pakistan International Airline (PIA)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-grant-clear-roosevelt-hotel-liabilities.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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