ISLAMABAD: Vivek Ramaswamy, US President-elect Donald Trump’s choice to co-lead a new government department, on Sunday criticized a deal by the New York City government to rent the Pakistan-owned Roosevelt Hotel for a whopping $220 million for what he said were “illegal migrants.”
Cash-strapped Pakistan rented out its iconic Roosevelt Hotel to the New York City government for three years, as per an agreement reached last year.
Pakistan’s then aviation minister Khawaja Saad Rafique said that the New York administration would pay a rent of as much as $210 for each of the 1,025 rooms of the century-old hotel owned by the state-run Pakistan International Airlines (PIA).
The New York City administration has repurposed the Roosevelt Hotel as an arrival center for migrants where they can get access to vaccines, food and other resources.
“A taxpayer-funded hotel for illegal migrants is owned by the Pakistani government which means NYC taxpayers are effectively paying a foreign government to house illegals in our own country,” Ramaswamy wrote on social media platform X, responding to a post by American author John Lefevre.
“This is nuts.”
Roosevelt Hotel was closed by Pakistani authorities in October 2020 during the coronavirus pandemic, as the country’s economy weakened and the aviation sector faced significant losses.
However, the facility accumulated liabilities of around $25 million in taxes and other overheads.
Ramaswamy, a former Republican presidential candidate, will co-lead a newly created Department of Government Efficiency with billionaire Elon Musk. Trump has indicated the department will operate outside the confines of government.
Trump cabinet pick criticizes New York’s deal to rent Pakistan’s Roosevelt Hotel for $220 million
https://arab.news/59pgz
Trump cabinet pick criticizes New York’s deal to rent Pakistan’s Roosevelt Hotel for $220 million
- Vivek Ramaswamy has been picked by Trump to co-lead ‘Department of Government Efficiency’
- New York’s iconic Roosevelt Hotel was repurposed into an arrival center for migrants last year
ADB, Pakistan sign over $300 million agreements to undertake climate resilience initiatives
- Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in weather patterns
- The projects in Sindh and Punjab will restore nature-based coastal defenses and enhance agricultural productivity
ISLAMABAD: The Pakistani government and the Asian Development Bank (ADB) have signed more than $300 million agreements to undertake two major climate resilience initiatives, Pakistan’s Press Information Department (PID) said on Tuesday.
The projects include the Sindh Coastal Resilience Sector Project (SCRP), valued at Rs50.5 billion ($180.5 million), and the Punjab Climate-Resilient and Low-Carbon Agriculture Mechanization Project (PCRLCAMP), totaling Rs34.7 billion ($124 million).
Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns. In 2022, monsoon floods killed over 1,700 people, displaced another 33 million and caused over $30 billion losses, while another 1,037 people were killed in floods this year.
The South Asian country is ramping up climate resilience efforts, with support from the ADB and World Bank, and investing in climate-resilient infrastructure, particularly in vulnerable areas.
“Both sides expressed their commitment to effectively utilize the financing for successful and timely completion of the two initiatives,” the PID said in a statement.
The Sindh Coastal Resilience Project (SCRP) will promote integrated water resources and flood risk management, restore nature-based coastal defenses, and strengthen institutional and community capacity for strategic action planning, directly benefiting over 3.8 million people in Thatta, Sujawal, and Badin districts, according to ADB.
The Punjab project will enhance agricultural productivity and climate resilience across 30 districts, improving small farmers’ access to climate-smart machinery, introducing circular agriculture practices to reduce residue burning, establishing testing and training facilities, and empowering 15,000 women through skills development and livelihood diversification.
Earlier this month, the ADB also approved $381 million in financing for Pakistan’s Punjab province to modernize agriculture and strengthen education and health services, including concessional loans and grants for farm mechanization, Science, Technology, Engineering and Mathematics (STEM) education, and nursing sector reforms.
