It has been recently reported that Pakistan’s national airline, PIA, has no plan of letting go its Roosevelt Hotel in New York.
Several reports circulated over the past week which indicated that the airline had been planning to sell its Roosevelt Hotel to pay back an exorbitant debt of PKR 406 billion due on it.
The news was revealed by a parliamentary panel on Wednesday.
A meeting of the National Assembly Standing Committee on Parliamentary Affairs, presided by its chairperson Dr Shezra Mansab Ali Khan Kharal, discussed the abrupt discontinuation of PIA flights to and from New York and other issues related to the national flag carrier.
Interestingly enough, Mian Tariq Mahmood requested Irfan Elahi, who is acting as the chairman of the national carrier, to tell the committee why the operations in New York were suspended.
Unfortunately, the NA committee expressed displeasure over the poor performance of PIA during the last few years, and once again, directed the management to work on improving the situation.
After the meeting, Mr. Mahmood said that the committee had directed the PIA management to furnish complete details of the Roosevelt Hotel.