Trump interested in buying PIA’s Roosevelt Hotel

Donald Trump has expressed his interest in buying the Pakistan International Airlines’ (PIA) Roosevelt Hotel located in New York, the National Assembly’s Standing Committee on Privatisation revealed on Wednesday.

The managing director (MD) of PIA Investments, during the meeting, told the lawmakers that the US president had expressed interest in buying the PIA’s Roosevelt hotel some time ago and was “still keen on purchasing it” he said adding that, “the government has tried 10 times to sell the hotel”.

Read More : PIA owned Roosevelt Hotel in New York up for sale?

Muhammad Mian Soomro, the Privatisation Minister while briefing the members, said the government was not selling the property but rather planning to lease it out or work in a joint venture with the private sector.

Meanwhile, the opposition party PML-N leader Khawaja Asif said that the house should be taken into confidence over the privatisation issue.

“We are not against privatisation but we must wait for a better time to get a good price. The whole US market is of the view that when the work can be done from home then what’s the need to have an office,” the PMLN leader added.

“Don’t make a decision now and wait. Right now, neither PIA would be sold out nor the hotel.”

Earlier this month, the opposition parties had criticised the incumbent government when it was learned that the Roosevelt Hotel was considered for sale.