The Privatisation Commission has noticed a misleading news report appearing on 27th June 2025 in certain news media outlets asserting that Pakistan has set USD 100 million as base price for sale of Roosevelt Hotel. It is clarified that no base price has yet been determined for Roosevelt Hotel, New York’s privatisation which can only be set at the time of bidding. The report misquotes Adviser to the Prime Minister on Privatisation, Muhammad Ali who had referred to estimated initial partial payment to be made by the successful party on signing of the agreement expected during the current fiscal year.
The base price and timing for realization of total proceeds from the privatisation of Roosevelt Hotel will be based on transaction structure and final terms of the agreement approved by the Government. The finalisation of the transaction structure is expected to be taken up in the next CCOP meeting.
