The Pakistan International Airlines (PIA) has leased its Roosevelt Hotel in New York City to a New York firm for three years. The lease, which has been signed recently is a positive development for both Pakistan and the hotel.

For Pakistan, the lease will generate much-needed revenue. The hotel has been closed since 2019, and its closure has been a financial burden for PIA. The lease will bring in $220 million over three years, which will help PIA to offset its losses and improve its financial health.

The lease is also a positive development for the Roosevelt Hotel. The hotel is a historic landmark, but it has been struggling financially in recent years. The new lease will provide the hotel with a new lease on life, and it will help to ensure that the hotel remains a vibrant part of New York City’s hospitality industry.

The lease is a win-win for both Pakistan and the Roosevelt Hotel. It is a positive development that will benefit both parties involved.

Benefits for Pakistan

The lease of the Roosevelt Hotel to a New York firm will provide Pakistan with a number of benefits, including:

Revenue: The lease will generate $220 million over three years, which will help PIA to offset its losses and improve its financial health.

Jobs: The lease will create jobs for Pakistanis, both in New York City and in Pakistan.

Branding: The lease will help to improve Pakistan’s image abroad, and it will make the country more attractive to foreign investment.