‘Pauper’ Pakistan selling its Embassy property in US, Will an Indian group buy it?

New Delhi: Pakistan, embattled with huge debts & economic crisis, is reportedly selling its embassy in United States and Jewish & Indian groups have emerged as the top bidders for the property.

Pakistan’s constant decline on the growth charts, its economy in doldrums and soaring prices of essential food items is no secret before the world. The establishment has been mulling ways & means to stave off crisis but has largely failed in containing economy decline & alleviating people’s woes.

Among the bidders for the Pakistan embassy property in Washington, Jewish & Indian groups have emerged as the top bidders while a Pakistan group is said to be third rank bidder, a report in Pakistani newspaper Dawn said.

The Dawn report claims that diplomats in the knowhow of matter said that a Jewish group has made highest bid for the property at $6.8 million. It also says that the Jewish group wants to convert Embassy building in Washington, into a synagogue.

An Indian reality group has made the second highest bid for the property at $5 million while the third bidder is said to be a Pakistan realtor which has quoted $4 million for the property.

The building put up for auction is one of Pakistan’s 3 diplomatic properties in Washington and it is seen as a move to generate revenue for the beleaguered country.

The diplomatic building, situated on R Street NW has never been refurbished. Embassy officials are also in talks with appraiser to assess whether the building should be renovated for fetching ‘correct price’.

The building lost its sheen after its diplomatic status was withdrawn in 2018 by US authorities. The building had non-functional by 2018.

Meanwhile, Pakistan continues to battle its rising debt, which has now jumped to a record high of PKR 60 trillion.