Karachi: Following the acquisition of the Roosevelt Hotel in the UnitedStates, Pakistan International Airlines (PIA) has planned the privatizationof the Scraib Hotel in Paris. The current estimated value of the ScraibHotel Paris is around 200 million dollars.
According to the details, the Scrutiny Commission has requested PIA toprovide details of assets, finances, and administrative contracts relatedto the renovation.
The Scrutiny Commission initiated the privatization project of the ScraibHotel in Paris after the Roosevelt Hotel in the United States. The currentestimated value of the Scraib Hotel Paris is approximately 200 milliondollars.
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PIA purchased the Scraib Hotel Paris in 2002, and preparations are beingmade to sell properties worth over 14 billion rupees, including the HollandProperty, New York House, and assets in Pakistan, according to sources.
