CCoP directs to appoint FA for Roosevelt Hotel New York transactions.
ISLAMABAD -- The Cabinet Committee on Privatization (CCoP) Thursday directed for appointing Financial Adviser (FA) to start the process for the transaction of Roosevelt Hotel New York.
Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh chaired the CCoP meeting, which reviewed one point agenda on the Privatization of Roosevelt Hotel (Manhattan, New York) asset owned by PIA-Investment Limited, according to press statement issued by the Finance Ministry.
According to press statement, as requested by the Aviation Division, CCoP decided to de-notify the Roosevelt Task Force formed earlier under the chairmanship of Minister for Privatization for framing Terms of Reference for leasing the Roosevelt's site for setting up a joint venture project.
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