Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue said that all decisions regarding the Pakistan International Airlines (PIA) hotel in New York, Roosevelt Hotel, would be taken in the best national interest.
Hafeez Shaikh while presiding a meeting of the Economic Coordination Committee of the cabinet (ECC), He got a detailed briefing on the issue of the Pakistan International Airline’s asset in the heart of global commercial and tourism hub New York.
Hafeez Shaikh directed that all stakeholders, including the aviation secretary, should be kept in the loop on the issue of the Roosevelt Hotel.
All financial matters in this regard will be resolved in a manner that only favours the country and not any individual or party, Hafeez Shaikh said
Besides, the Economic Coordination Committee approved a technical supplementary grant equivalent to Rs. 252.382 million for discharge of liabilities related to M/s Karkey arbitration and gave go-ahead to procurement of 83 X Micron sprayers for anti-locust operation by National Disaster Management Authority with special exemption from taxes and import duties.
It called for proposals pertaining to the taxation issues of the telecom sector to be submitted in the next Economic Coordination Committee meeting after thorough deliberation of its impact on already vogue taxation policies.
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