Pakistan is considering options for the Roosevelt Hotel in New York City, including demolishing the building, as part of its efforts to meet commitments to the International Monetary Fund (IMF), US outlet Bloomberg reported on Saturday.

Named after former US president Theodore Roosevelt, the century-old property in midtown Manhattan is seen as one of Pakistan’s most valuable foreign assets, which it acquired in 2000. Faced with mounting losses, the over 1,000-room hotel was shut in 2020, and has also operated briefly as a

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