Govt to Offer 51% Stakes in PIA & Roosevelt Hotel to Qatar

Pakistan federal government on Monday shelved a plan to sell two LNG-fired power plants to Qatar and instead decided to offer 51% stakes in the Roosevelt Hotel, New York, and the Pakistan International Airlines (PIA).

Prime Minister Shehbaz Sharif took these decisions during a meeting convened to make preparations for his visit next week to Qatar, which is tentatively planned for August 22 to 23, highly placed sources told The Express Tribune.

Finance Minister Miftah Ismail and former prime minister Shahid Khaqan Abbasi also attended the meeting.

The premier has also constituted a committee to finalise these proposals by end of this week and complete all the paperwork before his departure next week, they added.