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Roosevelt hotel

CCoP reiterates ‘resolve to divest’ PIA shares, but adds G2G mode

Says will pursue its divestment through privatisation or government-to-government mode

Updated 15 Nov, 2024 10:29pm

PM holds trade, investment talks with Qatar’s emir, counterpart

DOHA: Prime Minister Shehbaz Sharif on Thursday met Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and his counterpart...

Updated 01 Nov, 2024 09:21am

Roosevelt divestment: No FA appointment approval or decision from govt

ISLAMABAD: The Privatisation Commission (PC) Board neither approved appointment of any financial advisor nor took...

Updated 24 Aug, 2024 04:31pm

PIA, Discos, Roosevelt Hotel: PC Board gives approval to appointment of FAs

ISLAMABAD: Privatisation Commission Board on Wednesday gave unanimous approval for appointment of financial advisors...

Updated 22 Aug, 2024 08:54am

PIA, HBFCL, others: sell-off timeline issued

Transactions expected to be finalised in the first quarter of the current fiscal year (2024-25)

Updated 03 Jul, 2024 10:25am

Rs30bn sell-off income target set

ISLAMABAD: The federal government has set a budgeted target of collecting Rs30 billion through privatisation...

Updated 13 Jun, 2024 09:33am

PIACL sell-off: Pre-qualification process to be completed by May-end, PM told

ISLAMABAD: Prime Minister Shehbaz Sharif was apprised on Tuesday that the pre-qualification process for the...

Updated 15 May, 2024 09:17am

Pakistan

Barring ‘strategic entities’, Pakistan to pursue privatisation of all SOEs: PM Shehbaz

In official statement, premier says govt should not be in business of doing business

Updated 14 May, 2024 09:21pm

Roosevelt Hotel JV: FASA inked with JLL-led consortium

ISLAMABAD: A Financial Advisory Services Agreement (FASA) was signed, Friday, in the office of the Privatisation...

Updated 03 Feb, 2024 06:44pm

Pakistan

PIA, Roosevelt Hotel, FWBL, and HBFC: Leading investors group briefed about sell-off agenda

ISLAMABAD: A group of representatives from leading investment banks, funds and institutional investors called on the...

Published 10 Dec, 2023 03:33am

Roosevelt Hotel sell-off: PC Board approves appointment of FA

ISLAMABAD: The Privatisation Commission Board in a meeting chaired by the Federal Minister for...

Updated 02 Dec, 2023 09:14am

Opinion

PIA to go under the hammer

The last leg of the incumbent government witnessed numerous policy decisions and legislations - one of them is the...

Updated 12 Aug, 2023 07:30am

Privatisation: CCoP to add PIA to active projects’ list

ISLAMABAD: The Cabinet Committee on Privatization (CCoP) has decided to include Pakistan International Airlines in...

Updated 08 Aug, 2023 09:56am

SIH transaction: Privatisation Commission allowed to proceed

ISLAMABAD: The Cabinet Committee on Privatization (CCoP) on Monday allowed the Privatization Commission to proceed...

Updated 11 Jul, 2023 08:58am

Roosevelt Hotel given to NYC govt for 3 years: govt

LAHORE: Minister for Aviation and Railways Khawaja Saad Rafique said on Sunday that a contract had been signed with...

Updated 05 Jun, 2023 08:48am

Business & Finance

Roosevelt Hotel-NYCG: ECC approves execution of settlement deal

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the execution of the settlement...

Published 11 May, 2023 05:54am

Pakistan

Roosevelt Hotel: ECC approves execution of settlement agreement

Agreement with the Hotel Union and the New York City Government (NYCG) will seek utilisation of the Roosevelt Hotel over a period of three years for immigrant housing business

Updated 10 May, 2023 05:36pm

Pakistan

Body formed to fix Roosevelt Hotel issues

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has constituted three-member committee headed by...

Published 04 May, 2023 04:26am

Hike in prices of essential drugs approved by ECC

ECC approves Ministry of National Health Services summary for an increase based on the recommendations of the Policy Board of DRAP in the wake of the devaluation of the rupee and inflation

Updated 29 Apr, 2023 11:37am

Pakistan

Utilising Roosevelt Hotel: ECC forms committee to negotiate with New York City

Will hold talks with city government and the Hotel Union to utilise premises over a period of three years for migrant business at $200 per room per day, according to Finance Division's statement

Updated 28 Apr, 2023 08:39pm

Roosevelt Hotel: PC board approves ToR for hiring FA

ISLAMABAD: The Privatisation Commission (PC) Board that met Wednesday approved the terms of reference for the hiring...

Updated 26 Jan, 2023 09:17am

Pakistan

Senate body briefed about privatisation process

ISLAMABAD: The Senate Standing Committee on Privatization’s meeting was held on Thursday which took up...

Published 13 Jan, 2023 06:05am

Pakistan

Aviation minister rejects reports about sale of Roosevelt Hotel

LAHORE: Federal Minister for Aviation and Pakistan Railways Khawaja Saad Rafique has categorically rejected the...

Updated 18 Dec, 2022 02:18pm

Business & Finance

Minister dispels perception about PIA sell-off

LAHORE: Federal Minister for Railways and Civil Aviation, Khawaja Saad Rafique has dispelled the impression of...

Published 11 Oct, 2022 05:54am

Pakistan

Roosevelt Hotel: team likely to be sent to US for talks with union

ISLAMABAD: The government is likely to dispatch a team comprising of officials from the Aviation Division, the...

Updated 15 Sep, 2022 11:45am

Roosevelt Hotel: AD presents ‘incomplete’ leasing plan to ECC

Hotel business was badly by Covid-19 and had to be shut down in December 2020

Updated 20 Jul, 2022 09:26am

Pakistan

Roosevelt Hotel: Inter-ministerial body being revived to sort out issues

ISLAMABAD: The federal government is to revive inter-ministerial committee headed by Deputy Chairman Planning...

Published 19 Jan, 2022 06:15am

Roosevelt Hotel New York: ECC directs Aviation Div to plan refinancing of $142m

ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet has directed Aviation Division to chart out modalities ...

Updated 06 Jan, 2022 09:25am

World

White House unveils sweeping antitrust push

NEW YORK: Vowing consumer relief from costly hearing aids, excessive airline baggage fees and myriad other ills,...

Published 11 Jul, 2021 04:01am

Pakistan

PIA to induct four aircraft into its fleet

Will lease plane for six years, and replace two old Boeing 777s
First Airbus 320 is likely to arrive in Pakistan in mid-July

Published 24 Jun, 2021 12:54pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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