ISLAMABAD: Pakistan’s defense minister Khawaja Asif said on Wednesday the government was working on structuring a transaction for the Roosevelt Hotel in New York, a day after a leading Pakistani consortium bought a majority stake in Pakistan International Airlines, as Islamabad presses ahead with efforts to offload loss-making state assets.

ISLAMABAD: Pakistan’s defense minister Khawaja Asif said on Wednesday the government was working on structuring a transaction for the Roosevelt Hotel in New York, a day after a…

PIA has been sold for $482m to a consortium led by finance mogul Arif Habib. But the military gets a piece, too.