After Roosevelt Hotel, PIA Scraib Hotel in Paris to be privatized
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Karachi: Following the acquisition of the Roosevelt Hotel in the United States, Pakistan International Airlines (PIA) has planned the privatization of the Scraib Hotel in Paris. The current estimated value of the Scraib Hotel Paris is around 200 million dollars.
According to the details, the Scrutiny Commission has requested PIA to provide details of assets, finances, and administrative contracts related to the renovation.
The Scrutiny Commission initiated the privatization project of the Scraib Hotel in Paris after the Roosevelt Hotel in the United States. The current estimated value of the Scraib Hotel Paris is approximately 200 million dollars.
PIA purchased the Scraib Hotel Paris in 2002, and preparations are being made to sell properties worth over 14 billion rupees, including the Holland Property, New York House, and assets in Pakistan, according to sources.
