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

by News Desk
in Business, Economy, Finance
Reading Time: 1 min read
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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.

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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.

Tags: HotelrooseveltlatestPIA
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