Roosevelt Hotel of PIA not being privatised, says Fed Govt

Roosevelt Hotel of Pakistan International Airlines’ (PIA) located in New York, is not being privatized, a federal govt`s law officer informed the Islamabad High Court (IHC).

Chief Justice Amir Farooq of Islamabad High Court was hearing a petition against the reported government plans to privatize the PIA’s asset in the heart of global commercial and tourism hub.

The deputy attorney general stated before the judge that Roosevelt Hotel is not being privatised.

The chief justice asked him whether he wanted to submit a written response to the petition, to which he replied that he needed some time to seek instructions in this regard from the government.

The high court bench directed the federal law officer to apprise the court of the government’s stance on the issue at next hearing and adjourned the case until July 15.

On July 5, sources revealed that the federal government has decided to shelve the plan of privatization of Roosevelt Hotel.

The government decided to keep the legally questionable decision of privatisation of Roosevelt Hotel in New York on the back burner after it was advised by legal adviser to stay away from the controversial plan.

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