Govt Allocates Rs30 Billion For Interest On PIA’s Rs268.5 Billion Legacy Debt As Privatisation Costs Mount
The federal government has earmarked Rs30 billion in FY2026-27 to cover interest on PIA’s Rs268.5 billion legacy debt, as part of a broader Rs73 billion privatisation contingency provision.
Pakistan to Redevelop Roosevelt Hotel NYC into High-Rise Through Joint Venture, Targeting $3-4 Billion Investment
Pakistan announces plans to redevelop its Roosevelt Hotel in New York into a 50-60 storey high-rise via joint venture, aiming to boost the value of its stake by up to 250% with $3-4 billion investment.