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  "path": "/latest/pakistan-us-sign-agreement-to-redevelop-new-yorks-roosevelt-hotel/",
  "publishedAt": "2026-02-19T14:01:44.000Z",
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    "Pakistan",
    "Pakistan, US sign agreement to redevelop New York’s Roosevelt Hotel",
    "HUM News"
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  "textContent": "KARACHI: Pakistan and the United States have signed an agreement to jointly redevelop New York’s historic Roosevelt Hotel, allowing Islamabad to capitalise on one of its most valuable overseas assets, official sources said on Thursday.\n\nAccording to documents reviewed by Reuters and sources familiar with the deal, the two governments signed a memorandum of understanding (MoU) shortly after Pakistan’s cabinet approved the redevelopment process.\n\nThe agreement paves the way for a partnership to modernise and revamp the landmark property, which has long been considered a prized Pakistani investment abroad.\n\nOfficials said the redevelopment will not only enhance the hotel’s value but also generate significant returns for Pakistan.\n\nThe Roosevelt Hotel, located in Manhattan, has remained under Pakistan’s ownership for decades, and this deal is seen as a strategic move to unlock its potential in the competitive New York real estate market.\n\nThe MoU lays out the framework for joint management and renovation, although detailed plans, timelines, and financial arrangements are expected to be finalised in the coming months.\n\nPakistani authorities are optimistic that the project will boost both revenue and the country’s profile in international real estate.\n\nThis development comes amid broader efforts by the Pakistani government to monetise and optimise its overseas investments, ensuring they contribute more effectively to the national economy.\n\nThe post Pakistan, US sign agreement to redevelop New York’s Roosevelt Hotel appeared first on HUM News.",
  "title": "Pakistan, US sign agreement to redevelop New York’s Roosevelt Hotel"
}