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Wednesday, February 1, 2023
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Pakistan gets three offers for Washington estate

Islamabad has received three offers for its Washington property which was the defence section of Pakistan’s embassy in the US.

The officials received three bids from a Jewish group, an Indian realtor, and a Pakistani realtor.

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As per Dawn’s report, the highest bid is $6.8 million by the Jewish group whereas the Indian realtor and Pakistani realtor offered $5 million and $4 million respectively.

As per experts’ views, Pakistan should go for the highest bidder.

The expert further added, “We should follow this tradition, also because it will create a lot of goodwill in an influential American community, which wants to use it as a place of worship.”

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The Embassy official stated, “We are in no rush, and we will not conclude a deal that does not benefit Pakistan,” clearing that the federal cabinet already approved the sale.

Earlier this month, Pakistan embassy officials announced the sale of one of the state’s three diplomatic assets in Washington, a building on the reputable R Street NW.

However, officials explained that neither the new nor the old embassies were for sale. From the mid-1950s to the early 2000s, the R Street building housed the embassy’s Defence section.

Finance Minister Ishaq Dar said that the government is considering a joint venture for prospective mixed-used development of the site, which Pakistan owns.


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