KARACHI - Pakistan has agreed with the U.S. government to jointly redevelop New York's Roosevelt Hotel, the government in Islamabad said on Thursday, allowing Islamabad to unlock value from its major overseas investment.Restructuring and privatisation of state assets are central to Pakistan's $7 billion programme agreed with the International Monetary Fund and the century-old hotel in Midtown Manhattan owned by Pakistan's national airline plays a key role in those plans.The hotel, which the cash- strapped south Asian nation has estimated could be worth more than $1 billion, has …READ FULL ARTICLE
