ISLAMABAD: Former prime minister Imran Khan’s sons, Sulaiman Khan and Kasim Khan, will lobby in the United States (US) about Pakistan’s human rights record before traveling to the South Asian country to join a protest movement by their father’s Pakistan Tehreek-e-Insaf (PTI) party, Khan’s sister announced on Tuesday.

The PTI last week announced it would launch a nationwide protest movement against the government after the Islamic month of Muharram, days after Pakistan’s top court denied the party reserved parliamentary seats for minorities and women.

Khan’s party has frequently held protests in recent years, demanding a probe into Feb. 2024 election results and the release of Khan, who has been jailed for nearly two years. His sons live in the UK and have not visited Pakistan in years, facing criticism by Khan opponents for not joining demonstrations for their father’s release, which his party was calling supporters from all over the nation to join.

Khan’s sister, Aleema Khan, told reporters in Rawalpindi on Tuesday that his sons, Sulaiman and Kasim, had decided to travel from the United Kingdom (UK) to the US and would eventually arrive in Pakistan to play their role in the PTI’s protest campaign against the government.

“Firstly, they are going to America and they’re telling all their friends, ‘And we will go and tell them [US administration] about the human rights [situation] and what injustice is being done to their father [in Pakistan]’,” Aleema said.

“Secondly, Sulaiman [and] Qasim have said, ‘After that, we will come to Pakistan.’ And they want to play their part in the [protest] movement.”

This is not the first time Khan’s sons have spoken about Pakistan’s domestic politics and their father, who has been in jail on corruption and other charges.

In a rare interview with business influencer and citizen journalist Mario Nawfal in May, they had urged US President Donald Trump and the “people of influence” around the world to help free their father from prison, speaking of alleged “suppression of democracy” in Pakistan and a lack of basic facilities for Khan in his prison cell.

Khan’s PTI has held frequent protests demanding his release and against the Pakistani government over what it says were rigged general elections in Feb. 2024 and a campaign to subdue PTI and its support base since Khan’s ouster from the PM’s office in April 2022.

Pakistani authorities deny the allegations and accuse the ex-premier and his party of leading violent anti-government protests in the past, particularly in May 2023 and Nov. 2024. Hundreds of PTI supporters were jailed after riots allegedly ordered by the party against the army on May 9, 2023, while the government says four troops were killed in protests in November last year to demand Khan’s release. The PTI denies instigating followers to violence.

The PTI announced the latest round of protests after the Supreme Court’s constitutional bench on June 27 ruled that the party was not entitled to reserved seats in the national and provincial assemblies, upholding an earlier verdict by the Peshawar High Court. The dispute arose after the PTI lost its electoral symbol ahead of the February 8, 2024 national polls and its candidates contested as independents.

Despite PTI-backed candidates winning the most general seats, the party was denied reserved seats for women and minorities, which are allocated to political parties based on proportional representation, by the Election Commission of Pakistan (ECP).

The government lost its two-thirds majority in parliament in July 2024 when the top court reversed the ECP’s decision, terming it unconstitutional and ordering the reserved seats to be allocated to PTI. The ECP and the political parties had filed review petitions, which were accepted by the top court last week.

KARACHI: Pakistan has prequalified four investors for the sale of Pakistan International Airlines (PIA), while its Cabinet Committee on Privatization (CCOP) has approved the transaction structure for the denationalization of the Roosevelt Hotel in New York under a joint venture, the ministry of privatization said on Tuesday.

Pakistan has been seeking to sell a 51-100 percent stake in the struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund program. It would be the country’s first major privatization in nearly two decades.

Among the bidding groups, one is a consortium of major industrial firms Lucky Cement, Hub Power Holdings, Kohat Cement and Metro Ventures. Another is led by investment firm Arif Habib Corp. and includes fertilizer producer Fatima Fertilizer, private education operator The City School, and real estate firm Lake City Holdings. Additionally, Fauji Fertilizer Company, a military-backed conglomerate, and Pakistani airline Airblue, have been approved to bid for PIA.

“The prequalified parties will now proceed to the buy-side due diligence phase — a critical next step in the transparent and competitive privatization process of PIACL,” the privatization commission’s statement said.

PIA, once a respected carrier in Asia, has been propped up by taxpayers for decades due to political interference, corruption and inefficiencies. The airline’s privatization has repeatedly collapsed amid union resistance, legal hurdles and low investor appetite.

Pakistani state-owned enterprises post annual losses of more than Rs800 billion ($2.87 billion), and when subsidies, grants and other support are included, the burden swells beyond Rs1 trillion ($3.59 billion), Finance Minister Muhammad Aurangzeb told parliament while presenting the budget for fiscal year 2025–26 earlier this month.

PIA has been one of the government’s most costly liabilities, which has accumulated over $2.5 billion in losses in roughly a decade and been surviving on repeated bailouts that have weighed heavily on Pakistan’s strained budget.

Last month, five consortiums submitted expressions of interest for a 51–100 percent stake in PIA after the government restructured its balance sheet to make the deal more attractive. It also scrapped the sales tax on leased aircraft and is providing limited protection from legal and tax claims. Around 80 percent of the airline’s debt has been transferred to the state.

ROOSEVELT HOTEL

Separately, the CCOP approved the transaction structure for Roosevelt Hotel under a “Joint Venture model with multiple options.”

“This option is aimed at maximizing long-term value for the country, while ensuring flexibility, multiple exit opportunities, and minimizing future fiscal exposure,” the privatization commission said.

How much money the hotel ultimately brings in, and its overall valuation, depends on the type of transaction structure adopted, Privatization Commission Chairman Muhammad Ali told Arab News in an interview last month. If the government formed a joint venture with a private investor, sharing both the risks and future profits, the hotel could be worth four to five times more than its as-is valuation, he said at the time.

“So, depending on what sort of structure you have, how much risk you take, how much effort the government puts in, we can make a lot of money from this asset,” the privatization chief had said.

The Roosevelt, a 1,015-room historic hotel in Midtown Manhattan, has long been one of Pakistan’s most prominent but politically sensitive overseas assets. Acquired by Pakistan International Airlines Investment Limited (PIAIL) in 1979, the hotel occupies a full city block on Madison Avenue and 45th Street. Over the past two decades, successive Pakistani governments have floated plans to sell, lease, or redevelop the property, but no proposal has advanced beyond early-stage planning.

Operations at the Roosevelt were suspended in 2020 following steep financial losses during the COVID-19 pandemic. In 2023, Pakistan entered a short-term lease with the City of New York to use the property as a temporary shelter for asylum seekers, generating more than $220 million in projected rental income. That agreement ended in 2024 and no new revenue stream has since been announced.

The Roosevelt Hotel is one of several state assets the government hopes will contribute to its target of raising Rs86 billion ($306 million) in privatization proceeds during the fiscal year starting July 1, alongside the sale of PIA and three electricity distribution companies.