Pakistan rents out Roosevelt Hotel to New York for US$220 million
PAKISTAN Has rented out its iconic Roosevelt Hotel to the New York City government for three years, helping the cash-strapped country earn US$220 million from the deal. The New York administration will pay a rent of as much as US$210 for each of the 1,025 rooms of the century-old hotel owned by state-run Pakistan International…
Adil Aziz
ECC approves settlement agreement of Roosevelt Hotel
The Economic Coordination Committee (ECC) of the Cabinet after a detailed discussion approved the execution of the settlement agreement of the Roosevelt Hotel, New York with the Hotel Union and the New York City Government. The ECC met here with Minister for Finance and Revenue Senator Mohammad Ishaq Dar in chair discussed a summary submitted…
IMF to release tranche on Monday after board meeting: Miftah Ismail
Minister for Finance and Revenue Miftah Ismail Friday said the International Monetary Fund (IMF) would release the tranche (worth US$1.17 bn) to Pakistan after its board meeting on Monday. Addressing a press conference here, the minister said Pakistan had already fulfilled all the requirements of the IMF and it is very likely that the board…