A Morgan Stanley-backed group appears to have the inside track to become the new financial adviser to Pakistan International Airlines, or PIA, as it decides what to do with the precious Roosevelt Hotel site in Midtown East, sources told The Post on Monday.

The consortium would replace JLL, which checked out of the role last summer.

PIA, which answers to the Pakistani government, was recently reported by Saudi Arabia-based daily Arab News to be weighing proposals from seven potential groups to advise on the Roosevelt’s future and to facilitate any deal. The Morgan Stanley team would include CBRE, Manhattan’s most prolific commercial brokerage.

Nothing about PIA’s plans could immediately be confirmed.

One source cautioned, “The Roosevelt owners have played with one scenario after another

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