US firm drags Roosevelt Hotel into debt trap

    By NewzTodays Editorial Team | August 11, 2020

    Aftab Ahmed Islamabad: A New York-based Investment firm MSD has dragged PIA-owned Roosevelt Hotel in Manhattan, New York, into a debt trap by design to acquire it. MSD Partners is an SEC-registered investment adviser that utilizes an investment strategy focused on maximizing long-term capital appreciation. Sources told Newztodays.com that Roosevelt Hotel Corporation has obtained a…

    CCOP recommends JV for Roosevelt Hotel Manhattan, New York

    By NewzTodays Editorial Team | July 2, 2020

    Aftab Ahmed Islamabad: A cabinet committee on Privatization (CCoP) has recommended to redevelop the site into a mixed use (Joint Venture) of primary office tower over retail and condominium, said an official statement issued here on Thursday. Adviser to the Prime Minister on Finance and Revenue chaired the meeting of the Cabinet Committee on Privatization…

    Aviation pushes for early disposal of Roosevelt Hotel

    By NewzTodays Editorial Team | July 1, 2020

    Aftab Ahmed Islamabad: The Aviation Division is pushing the government for early disposal of the New York Roosevelt Hotel owned by Pakistan International Airlines-Investment Limited (PIA-IL) and a special meeting of the cabinet committee on Privatisation has been called on Wednesday to finalize a plan. Sources told Newztodays.com that Aviation Division had raised the issue…

    PIA app to book tickets from UAE to Pakistan

    By NewzTodays Editorial Team | June 13, 2020

    News Desk The Pakistan International Airlines (PIA) has introduced new measures for stranded nationals in Abu Dhabi and Al Ain to book tickets in a hassle-free manner. The Embassy of Pakistan in Abu Dhabi has said that there is a new policy for issuance of tickets for special repatriation flights to Pakistan from the United…

    Tabba removed from PIA board

    By NewzTodays Editorial Team | February 29, 2020

    Atif Abbas The PTI government has removed Muhammad Ali Tabba is the Chief Executive of Lucky Cement Limited from the board of directors of Pakistan International Airlines (PIA) for his non-serious and irresponsible behavior. Tabba has been on the board of directors of PIACL. However, he has been often absent from the board’s meetings and…