The planned sale of the Roosevelt Hotel in New York, owned by Pakistan International Airlines (PIA), has been delayed once again. Regulatory issues and valuation concerns are reportedly behind the holdup. The government had aimed to privatize the asset to raise funds, but the process now faces further uncertainty.
The privatization of PIA’s Roosevelt Hotel has been delayed due to regulatory and valuation issues. The hotel’s sale was expected to generate significant funds, but the process has now stalled again, raising questions about the government’s asset management strategy.
PIA assets, Roosevelt Hotel, privatization delay
