Vivek Ramaswamy torched a reported $200 million agreement for New York City to lease the Roosevelt Hotel from the Pakistani government to house migrants.

In a move blending international finance with local policy, New York City has leased the historic Roosevelt Hotel from Pakistan International Airlines (PIA)

Owned by Pakistan International Airlines, the historic Roosevelt Hotel now houses migrants under a three-year agreement generating much-needed revenue for Pakistan amid its economic crisis. Critics, including Vivek Ramaswamy,

Vivek Ramaswamy criticized reports that New York City is paying $220 million to rent the Roosevelt Hotel, owned by the Pakistani government, to house illegal immigrants, calling the situation “nuts.” In a social media post,

The City of New York pays $220 million to rent a hotel owned by the Government of Pakistan to house illegal immigrants, a report claimed.

Ramaswamy took to social media platform X (formerly Twitter) to express his anger. He was quoting a post by author John LeFevre which said that the payment to Pakistan was part of USD 1.1 billion bailout from International Monetary Fund (IMF) to Pakistan to prevent the country from defaulting on its international debt.