New York City announces it will close migrant center in Pakistan-owned Roosevelt Hotel

A migrant carrying a child speaks on the phone outside of The Roosevelt Hotel after New York City Mayor Eric Adams announced the forthcoming closure of the Asylum Seeker Arrival Center and Humanitarian Emergency Response and Relief Center located at The Roosevelt Hotel, in midtown Manhattan in New York City, US, on February 24, 2025. (REUTERS/File)
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Updated 25 February 2025
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New York City announces it will close migrant center in Pakistan-owned Roosevelt Hotel

  • NYC struck $220 million deal in 2023 to convert hotel, owned by Pakistan’s national carrier PIA, into migrant shelter
  • Roosevelt is one of over 50 shelters that New York has closed or announced it will shutter as migrant arrivals decrease

ISLAMABAD: New York City Mayor Eric Adams this week announced his government would close “in the coming months” a migrant processing center and shelter for asylum seekers housed since 2023 in the Pakistan-owned Roosevelt Hotel, citing the easing of the US migrant crisis.

The Roosevelt Hotel, owned by Pakistan International Airlines (PIA), closed to guests in December 2020 after the coronavirus pandemic shuttered the tourism industry worldwide. The site is one of more than 50 shelters that New York has closed or announced it will shutter as the number of new migrant arrivals has decreased due to strict immigration policies by the previous and new American administrations. Since taking power, US President Donald Trump has ended access to CBP One, a popular scheduling app for asylum seekers, and also stepped up enforcement at the US-Mexico border.

According to the New York City government’s projections, its efforts to reduce care for migrants will save more than $5 billion over the next three fiscal years.

“The Roosevelt Hotel, which has served as both our asylum arrival center and a humanitarian emergency response and relief center for nearly two years, will be closing in the coming months,” Adams said in a video message.

“While we are not done caring for those who came into our care, today marks another milestone in demonstrating the immense progress we have achieved in turning the corner on the unprecedented international humanitarian effort.”

The Roosevelt hotel is located in a prime midtown Manhattan location, steps from Grand Central Terminal and some of the highest-priced office buildings on Park Avenue. As per a report in The New York Times, NYC struck a $220 million, three-year deal with PIA to convert the hotel into a shelter in 2023. The city agreed to pay a nightly rate of $202 per room in the hotel, which has more than 1,000 rooms. The hotel has since served as an arrival center for migrants where they could get access to vaccines, food and other resources. 

A report published in Bloomberg said the number of migrants arriving to New York had fallen to 350 a week, down from a peak of about 4,000. It said the Roosevelt Hotel, which had taken in over 173,000 migrants since it opened as a shelter, had “struggled to keep up with the influx” of migrants.

Adams’ announcement comes after Vivek Ramaswamy, now a member of Trump’s cabinet, criticized New York’s deal with PIA in December 2024.

“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. 


Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

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Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

  • Finance adviser says repayment shows “decisive shift” toward fiscal discipline, responsible economic management
  • Says Pakistan’s total public debt has declined from over $286.6 billion in June 2025 to $284.7 billion in November 2025

KARACHI: Pakistan has repaid Rs3,650 billion [$13.06 billion] in domestic debt before time during the last 14 months, Adviser to the Finance Minister Khurram Schehzad said on Thursday, adding that the achievement reflected a shift in the country’s approach toward fiscal discipline. 

Schehzad said Pakistan has been repaying its debt before maturity, owed to the market as well as the State Bank of Pakistan (SBP), since December 2024. He said the government had repaid the central bank Rs300 billion [$1.08 billion] in its latest repayment on Thursday. 

“This landmark achievement reflects a decisive shift toward fiscal discipline, credibility, and responsible economic management,” Schehzad wrote on social media platform X. 

Giving a breakdown of what he said was Pakistan’s “early debt retirement journey,” the finance official said Pakistan retired Rs1,000 billion [$3.576 billion] in December 2024, Rs500 billion [$1.78 billion] in June 2025, Rs1,160 billion [$4.150 billion] in August 2025, Rs200 billion [$715 million] in October 2025, Rs494 billion [$1.76 billion] in December 2025 and $1.08 billion in January 2026. 

He said with the latest debt repaid today, the July to January period of fiscal year 2026 alone recorded Rs2,150 billion [$7.69 billion] in early retirement, which was 44 percent higher than the debt retired in FY25.

He said of the total early repayments, the government has repaid 65 percent of the central bank’s debt, 30 percent of the treasury bills debt and five percent of the Pakistan Investment Bonds (PIBs) debt. 

The official said Pakistan’s total public debt has declined from over Rs 80.5 trillion [$286.6 billion] in June 2025 to Rs80 trillion [$284.7 billion] in November 2025. 

“Crucially, Pakistan’s debt-to-GDP ratio, around 74 percent in FY22, has declined to around 70 percent, reflecting a broader strengthening of fiscal fundamentals alongside disciplined debt management,” Schehzad wrote. 

Pakistan’s government has said the country’s fragile economy is on an upward trajectory. The South Asian country has been trying to navigate a tricky path to economic recovery under a $7 billion loan from the International Monetary Fund.