Pakistan, US sign pact to redevelop New York's Roosevelt Hotel
Source: Reuters
Pakistan has signed an agreement with the United States to jointly redevelop New York's Roosevelt Hotel, according to four official documents reviewed by Reuters and two sources, in a deal between the two governments that will allow Islamabad to unlock the value of one its most prized overseas investments.
The two countries signed a memorandum of understanding on Thursday shortly after Pakistan's cabinet approved the process, News.Az reports, citing Reuters.
By Faig Mahmudov
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