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Roosevelt hotel

Roosevelt Hotel sell-off: PC Board approves appointment of FA

ISLAMABAD: The Privatisation Commission Board in a meeting chaired by the Federal Minister for...

Updated 02 Dec, 2023 09:14am

Opinion

PIA to go under the hammer

The last leg of the incumbent government witnessed numerous policy decisions and legislations - one of them is the...

Updated 12 Aug, 2023 07:30am

Privatisation: CCoP to add PIA to active projects’ list

ISLAMABAD: The Cabinet Committee on Privatization (CCoP) has decided to include Pakistan International Airlines in...

Updated 08 Aug, 2023 09:56am

SIH transaction: Privatisation Commission allowed to proceed

ISLAMABAD: The Cabinet Committee on Privatization (CCoP) on Monday allowed the Privatization Commission to proceed...

Updated 11 Jul, 2023 08:58am

Roosevelt Hotel given to NYC govt for 3 years: govt

LAHORE: Minister for Aviation and Railways Khawaja Saad Rafique said on Sunday that a contract had been signed with...

Updated 05 Jun, 2023 08:48am

Business & Finance

Roosevelt Hotel-NYCG: ECC approves execution of settlement deal

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the execution of the settlement...

Published 11 May, 2023 05:54am

Pakistan

Roosevelt Hotel: ECC approves execution of settlement agreement

Agreement with the Hotel Union and the New York City Government (NYCG) will seek utilisation of the Roosevelt Hotel over a period of three years for immigrant housing business

Updated 10 May, 2023 05:36pm

Pakistan

Body formed to fix Roosevelt Hotel issues

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has constituted three-member committee headed by...

Published 04 May, 2023 04:26am

Hike in prices of essential drugs approved by ECC

ECC approves Ministry of National Health Services summary for an increase based on the recommendations of the Policy Board of DRAP in the wake of the devaluation of the rupee and inflation

Updated 29 Apr, 2023 11:37am

Pakistan

Utilising Roosevelt Hotel: ECC forms committee to negotiate with New York City

Will hold talks with city government and the Hotel Union to utilise premises over a period of three years for migrant business at $200 per room per day, according to Finance Division's statement

Updated 28 Apr, 2023 08:39pm

Roosevelt Hotel: PC board approves ToR for hiring FA

ISLAMABAD: The Privatisation Commission (PC) Board that met Wednesday approved the terms of reference for the hiring...

Updated 26 Jan, 2023 09:17am

Pakistan

Senate body briefed about privatisation process

ISLAMABAD: The Senate Standing Committee on Privatization’s meeting was held on Thursday which took up...

Published 13 Jan, 2023 06:05am

Pakistan

Aviation minister rejects reports about sale of Roosevelt Hotel

LAHORE: Federal Minister for Aviation and Pakistan Railways Khawaja Saad Rafique has categorically rejected the...

Updated 18 Dec, 2022 02:18pm

Business & Finance

Minister dispels perception about PIA sell-off

LAHORE: Federal Minister for Railways and Civil Aviation, Khawaja Saad Rafique has dispelled the impression of...

Published 11 Oct, 2022 05:54am

Pakistan

Roosevelt Hotel: team likely to be sent to US for talks with union

ISLAMABAD: The government is likely to dispatch a team comprising of officials from the Aviation Division, the...

Updated 15 Sep, 2022 11:45am

Roosevelt Hotel: AD presents ‘incomplete’ leasing plan to ECC

Hotel business was badly by Covid-19 and had to be shut down in December 2020

Updated 20 Jul, 2022 09:26am

Pakistan

Roosevelt Hotel: Inter-ministerial body being revived to sort out issues

ISLAMABAD: The federal government is to revive inter-ministerial committee headed by Deputy Chairman Planning...

Published 19 Jan, 2022 06:15am

Roosevelt Hotel New York: ECC directs Aviation Div to plan refinancing of $142m

ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet has directed Aviation Division to chart out modalities ...

Updated 06 Jan, 2022 09:25am

World

White House unveils sweeping antitrust push

NEW YORK: Vowing consumer relief from costly hearing aids, excessive airline baggage fees and myriad other ills,...

Published 11 Jul, 2021 04:01am

Pakistan

PIA to induct four aircraft into its fleet

Will lease plane for six years, and replace two old Boeing 777s
First Airbus 320 is likely to arrive in Pakistan in mid-July

Published 24 Jun, 2021 12:54pm

Roosevelt Hotel: Govt for putting a cap on recurring liabilities

Wants Aviation Division to formulate viable future plan

Updated 24 Jun, 2021 11:43am

Business & Finance

Reko Diq case: BVI high court decision ‘big victory’ of Pakistan's stance, says govt

Addressing media persons on Wednesday, the minister said that the decision will also provide economic relief to the country.

Published 26 May, 2021 02:13pm

Pakistan

Major win for Pakistan and PIA as Virgin Islands court unfreezes airline's assets

The High Court of British Virgin Island has withdrawn its earlier decision to freeze Pakistan International Airlines assets in connection with the Reko Diq case.
In 2019, the International Centre for Settlement of Investment Disputes (ICSID), had announced a huge award of $5.976 billion against Pakistan in the Reko Diq case.

Published 25 May, 2021 11:11pm

‘Roosevelt Hotel attached by court in Reko-Diq case’

ISLAMABAD: Pakistan's Roosevelt Hotel in New York (USA), owned by Pakistan International Airlines (PIA) has...

Published 05 Apr, 2021 03:56am

Pakistan

NAB initiates another corruption probe against Shehbaz

ISLAMABAD: The National Accountability Bureau (NAB) Wednesday initiated another corruption inquiry against the...

Updated 04 Mar, 2021 09:36am

Pakistan

Roosevelt Hotel not being sold: Senate told

He said the government had decided to shut down operation of the Roosevelt Hotel, New York, as it was closed on December 18, 2020.

Updated 26 Jan, 2021 11:35pm

Pakistan

NAB opens probe in reported closure of Roosevelt Hotel

The accountability bureau has asked relevant institutions, including the national flag carrier, to provide record in a bid to facilitate the investigation process

Updated 06 Nov, 2020 09:14pm

Business & Finance

PIA Roosevelt Hotel included in the privatization list

On October 10, it was announced that Pakistani government-owned Roosevelt Hotel has announced that "it is closing its doors permanently.

Published 16 Oct, 2020 04:39pm

Pakistan

Chairman NAB takes notice of Roosevelt Hotel closure, orders inquiry

PIA purchased the hotel for $36.5 million in 1999 and managed it through Interstate Hotels and Resorts.

Updated 13 Oct, 2020 08:26pm

Business & Finance

ECC approves $142mn to meet Roosevelt Hotel financial requirements

Chairman PIA-IL in a letter on August 8, 2020 stated that the financial health of PIA-IL with existing proceeds repayment of $ 56 million to PIA-IL is not possible.

Published 02 Sep, 2020 02:40pm

Gainers
Losers
Leaders

Stock	Price
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	9 ▲ 1.00 (12.50%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.79 ▲ 0.61 (8.50%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Tri-Star Power / Dec 5 Tri-Star Power Limited(TSPL)	11.75 ▲ 0.87 (8.00%)
Pak Paper Prod / Dec 5 Pakistan Paper Products Limited(PPP)	65.80 ▲ 4.58 (7.48%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	10.65 ▲ 0.73 (7.36%)
Mirpurkhas Sugar / Dec 5 Mirpurkhas Sugar Mills Limited(MIRKS)	58.20 ▲ 3.91 (7.20%)
Bal. Wheel / Dec 5 Baluchistan Wheels Limited(BWHL)	188 ▲ 12.34 (7.02%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	8.40 ▲ 0.51 (6.46%)
Media Times Ltd / Dec 5 Media Times Limited(MDTL)	1.85 ▲ 0.11 (6.32%)

Stock	Price
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
F.Treet Manuf / Dec 5 First Treet Manufacturing Modaraba(FTMM)	3.61 ▼ -0.24 (-6.23%)
Pervez Ahmed Co / Dec 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.82 ▼ -0.04 (-4.65%)
Cres.Star Ins. / Dec 5 Crescent Star Insurance Limited(CSIL)	2.15 ▼ -0.10 (-4.44%)
Abdullah Shah / Dec 5 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.94 ▼ -0.30 (-4.14%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	463.37 ▼ -15.74 (-3.29%)
Quetta Textile / Dec 5 Quetta Textile Mills Limited(QUET)	8.55 ▼ -0.26 (-2.95%)
Invest Bank / Dec 5 Invest Capital Investment Bank Limited(ICIBL)	1.40 ▼ -0.04 (-2.78%)
Silk Bank Ltd / Dec 5 Silkbank Limited(SILK)	1.07 ▼ -0.03 (-2.73%)
Mehran Sugar / Dec 5 Mehran Sugar Mills Limited(MRNS)	59.25 ▼ -1.55 (-2.55%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.02
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.43
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.02
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.79
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,669,534 ▲ 0.12
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.04
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.51
Fauji Foods Ltd / Dec 5 Fauji Foods Limited(FFL)	20,839,226 ▲ 0.19
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	20,714,512 ▲ 0.09
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	18,687,005 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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Roosevelt hotel

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