Latest News for: Pakistan leasing


Pakistan leases Roosevelt Hotel to NYC for 3 years, sealing $220 million deal

Gulf News 05 Jun 2023
In a significant development, the Pakistan government has leased out its iconic asset, the Roosevelt Hotel, to the New York City (NYC) administration for a period of three years ... The leasing of the Roosevelt Hotel comes as part of the Pakistan government’s efforts to revitalise the aviation industry and address its financial challenges.

Roosevelt Hotel given to NY local govt for 3 years for $220m: Saad

The News International 05 Jun 2023
Minister for Aviation and Railways Khawaja Saad Rafique said on Sunday that a contract had been signed with the New York City government to operate the renowned Roosevelt Hotel of the Pakistan International Airlines (PIA) situated in New York for three years ... He thanked the Malaysian ambassador in Pakistan for his cooperation.

PIA’s Roosevelt Hotel leased out to NYC for three years against $220m

Dawn 05 Jun 2023
The government has finally leased out its precious asset in the United StatesRoosevelt Hotel, a property of the Pakistan International Airlines (PIA) — to the New York City Administration for a period of three years against USD 220m ... political and economic situation in Pakistan.

Malaysia Impounds PIA Plane For Unpaid Dues, Leaving Passengers Stranded

MENA FN 01 Jun 2023
(MENAFN - Bangladesh Monitor) Dhaka. A Boeing Co 777 plane of Pakistan International Airlines was impounded on May 29 in Kuala Lumpur over unpaid charges to a leasing company. This left the ... .

Watch: How Dubai emerges from the desert to become one of the world's leading metropolises

Khaleejtimes 01 Jun 2023
He said. "Palm Jebel Ali will further strengthen our urban infrastructure and consolidate the city's emergence as one of the world's leading metropolises ... 1960 ... Another historic milestone in 1985 was the first Emirates flights from Dubai to Karachi and Mumbai, using a Boeing 737 and an Airbus 300 B4 wet‑leased from Pakistan International Airlines.

Pakistan International Airlines Plane Seized in Malaysia over Non-Payment of Dues

Khaama Press 31 May 2023
Pakistan International Airlines (PIA) Boeing 777 aircraft has been “seized” at Malaysia’s Kuala Lumpur International Airport due to a lease dispute, ... Pakistan International Airlines (PIA) leased the Boeing 777 from Malaysia.

‘President’s nod needed for army’s land accord’

Dawn 31 May 2023
As the caretaker government agreed this year to hand over the land to the army in three districts Bhakkar, Khushab and Sahiwal on a 20-year lease (with the possibility to extend it for another 10 years), Public Interest Law Association of Pakistan (Pilap), a non-profit organisation filed a petition with the LHC.

Humiliation for Pakistan as PIA plane seized in Malaysia due to non-payment of dues

India TV 30 May 2023
According to Pakistan's ARY News, the plane has been seized over a lease dispute at Malaysia’s Kuala Lumpur International Airport ... (PIA) on lease from Malaysia.

Military corporate farming case: No minutes recorded of ministerial meeting, LHC told

The News International 30 May 2023
The Punjab government did not record the minutes of a ministerial committee meeting allegedly held last October to modify the terms and conditions and thereby allow state land to be leased to the Pakistan Army for corporate farming, the Lahore High Court (LHC) was told.

No minutes of meeting that paved way for land transfer to army, LHC told

Dawn 30 May 2023
The provincial government submitted the record in the case challenging its decision to hand over 45,267 acres on lease to the Pakistan Army for corporate farming, as the decision taken in this meeting formed the basis for the handing over of the land.

Working to develop Islamic financial ecosystem: SECP

Dawn 19 May 2023
The Securities and Exchange Commission of Pakistan (SECP) is formulating laws to convert all non-banking financial services, including the capital market, insurance sector, leasing and savings funds, to Sharia-compliant mode.

KMC establishes special cell for issuance, renewal of lease

Urdu Point 17 May 2023
Syed Saif-ur-Rahman Wednesday said that a special cell had been established for issuing and renewing leases in the Land Department of KMC. KARACHI, (UrduPoint / Pakistan Point News - 17th May, 2023 ) .Administrator Karachi Dr ... Plot owners can contact the Land Department to renew plot lease at current rates before 30 June 2023.

Four oil, gas fields get 5-year lease extension

Dawn 28 Apr 2023
The Economic Coor­dination Committee (ECC) of the cabinet on Thursday approved supplementary grants worth Rs912.5 million and an extension in the lease period to four oil and gas-producing fields for accelerating exploration activities ... In the same pattern, a five-year extension was given to Pakistan Oilfields Ltd (POL) over Pariwali Development.

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In this photo provided by the U.S. Navy, the USS Chung-Hoon observes a Chinese navy ship conduct what it called an "unsafe” Chinese maneuver in the Taiwan Strait, Saturday, June 3, 2023, in which the Chinese navy ship cut sharply across the path of the American destroyer, forcing the U.S. ship to slow to avoid a collision.
AP / Mass Communication Specialist 1st Class Andre T. Richard/U.S. Navy via AP