PIA Property in Newyork “Rose Welt Hotel” will be rebuilt – CPC

A meeting of the Cabinet Privatization Committee chaired by Finance Advisor Hafeez Sheikh has decided that the Rose Welt Hotel will be rebuilt.

At the meeting, the committee decided to de-notify the task force of Rose Welt Hotel New York, Rose Welt Hotel will be run through a joint venture with a private party.

In addition, it has been said that the Rosevale Hotel will not be privatized, it has been decided to appoint a financial advisor to run the Rosevale Hotel on a joint venture.

Directs the Privatization Commission to appoint a Financial Advisor to the Rose Welt Hotel.