Roosevelt Hotel closure

Roosevelt Hotel closure

Government has decided to shut down the “iconic” Roosevelt Hotel in New York from 31st October. PIA has 100 percent shares in it. Chairman National Accountability Bureau (NAB), Justice Javed Iqbal has ordered for immediate and in-depth investigation on the shutting down of Pakistan’s owned hotel. He has directed NAB Rawalpindi Bureau to investigate media reports the matter and identify persons that are responsible for the closure of the hotel. The decision of Chairman NAB on probing the Roosevelt Hotel scam provided it is taken to the logical end by bringing the people responsible to justice.

It is very unfortunate that dual nationals on the parole of multilateral donor agencies make their way to the corridors of power as technocrats and take hostage every elected government, including the present one. The first priority of these migratory birds is to pave the way for the sale of valuable assets of Pakistan at throwaway price. Banker turned out pseudo expert of economic affairs former Prime Minister Shaukat Aziz decided the privitisation of PTCL and handing over its management control to UAE Etisalt on the purchase of percent shares. He had also decided to sell out billions of dollars’ worth assets of Pakistan Steel Mill for $270 million. But the decision did not materialise due to judicial intervention of Supreme Court.

The same bunch of self-serving technocrats is now making a case for sale of Roosevelt Hotel in the global financial hub of Manahattan in New York. The hotel has more than 1000 rooms, having an area of 43,313 square feet. The infrastructure of the hotel was left to decline that led to dilapidated rooms. People of the country are looking up to the COAS in desperation.

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