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Pakistan's $1 Billion Roosevelt Hotel Privatization Sparks Skepticism

2/22/2026

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Summary

Story summary

Pakistan plans to privatize the Roosevelt Hotel through a joint venture, with a private partner investing about $1 billion, according to Muhammad Ali, adviser to Prime Minister Shehbaz Sharif.
Skepticism surrounds feasibility after years of stalled proposals.
The U.S. General Services Administration (GSA) announced an agreement to assist in the redevelopment.
Details of the GSA's role remain unclear.
The hotel's future remains uncertain.

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Story summary

Pakistan plans to privatize the Roosevelt Hotel through a joint venture, with a private partner investing about $1 billion, according to Muhammad Ali, adviser to Prime Minister Shehbaz Sharif.
Skepticism surrounds feasibility after years of stalled proposals.
The U.S. General Services Administration (GSA) announced an agreement to assist in the redevelopment.
Details of the GSA's role remain unclear.
The hotel's future remains uncertain.