Cabinet committee decides against privatising Roosevelt Hotel

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Meeting also agrees that hotel would be started from scratch with a private entity. Photo: File The Cabinet Committee on Privatisation announced that will not be selling the Pakistan International Airlines-owned Roosevelt Hotel in New York but would run it under a joint venture with a third party. The decision was taken by the cabinet committee which met today (Thursday) under the chairmanship of Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh.

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