ECC approves $8 million for iconic Roosevelt Hotel

The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved $8 million to pay severance packages and operational expenses of the Roosevelt Hotel.

Ministry of Aviation presented a summary to allow the utilization of $8 million available with National Bank of Pakistan to pay severance and other operational expenses of Roosevelt Hotel.

The meeting was met under the chairmanship of Federal Minister for Finance and Revenue Muhammad Aurangzeb, said a news release.