New twist in Pakistan owned Washington property sale as govt considers rebidding

New twist in Pakistan owned Washington property sale as govt

New twist in Pakistan owned Washington property sale as govt considers rebidding. The government has not yet responded to the highest bidder for a state-owned property on R Street in northwest Washington, DC.

New twist in Pakistan owned Washington property sale as govt considers rebidding

Despite having already receiv  the high t price, the sale of the Washingt  D.C. Property housing the Pakistani embassy has undergone a fresh twist, according to persons familiar with the situation.
According to information released earlier this week. Pakistani entrepreneur Shahal Khan submitted the highest offer of $6.8 million to buy the former chancery building on R Street in northwest Washington, DC.
New twist in Pakistan Sources claimed that Khan is still awaiting a reply from the government before concluding the agreement. The government is allegedly avoiding communication with the highest bidder, according to the sources.
The proposal to auction off one of the two buildings owned by the. Pakistani embassy in Washington was approved by the government, accor to an announcement made by the informati  minister, Marriyum Aurangzeb,
in November of last year. She said that the repair of these two buildings had approval from the prime minister at the time in 2010. One of the buildings had its rehabilitation finished. But the other could only have its work completed to a 60% level.
The minister said that the US government had terminated the building’s diplomatic status and that the US government had so far paid $819,000 in taxes. Seriesmy
She claimed that $1.3 milli  in taxes on the facility without any use  paid after 2019.
The request to sell the building publicly was authorise y the governme ecause it was no longer suitable for use due to incomplete renova s and because its diplomatic status   expir .
Previously, a bid of $4.5 million had been made, but now, a bid of $6.9 million has been made, which is $2.3 million more than the initial offer. The United States would hold its own auction of the building if Pakistan did not do so.
The authorisation of the sale was also verified by Mumtaz Zahra Baloch,
a spokeswoman for the Foreign Office, in December.
The building in question was the smaller of the two buildings where the Embassy of Pakistan had resided, and it had been unoccupied in 2003 when the embassy relocated to the larger premises. According to spokeswoman Mumtaz Zahra Baloch in her weekly press conference.
She claimed that the sale of the. Property had become crucial because it was no. Longer a diplomatic structure and was now subject to local building and tax requirement. In addition to being vacant and in poor condition.
Therefore, follow a thorough inte -ministerial procedure. The Pakistan overnm agr  that the ld woul.  Be sol in an open  pro  that adh  to all statuty and regulaty requi .


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