WASHINGTON: The most noteworthy bidder for a Pakistan consulate property in the US capital is Shahal Khan of Burkhan World Ventures and he is likewise the possible champ of this bid, sources conscious of the improvement told Sunrise.
The property is thought to have been offered to Mr. Khan for $6.8 million. Burkhan World is situated in Washington and cases to “put resources into projects that it accepts will decidedly affect our general public”.
The “second-highest” bid, not the “highest,” was submitted by a Jewish group presumably intending to construct a synagogue on this site, as previously reported. An American investment firm was the third bidder, and it appears that it also employed Indian-American citizens of the United States.
Dawn was informed by official sources that “the process of implementing the bid has started,” which could mean “the highest bidder will get the property,” as was agreed upon.
In a messaged reaction to First light, Devin Orrego Guevara, a delegate for Burkhan World, likewise affirmed that the most noteworthy bid for the property was presented by Shahal Khan.
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According to what Mr. Guevara wrote, Mr. Khan “would like to make the building the center of peace and it will also be tied to the Khan Institute of Economic Security and Peace at American University.”
Additionally, Mr. Guevara sent a newspaper clipping confirming Burkhan Investments’ $6.8 million bid for the building.
The Pakistani media reported that the Ministry of Foreign Affairs (MoFA) informed the federal cabinet on November 30 that the Pakistani embassy in Washington had moved to its current location in April 2003.
At 2201 R Street and 2315 Massachusetts Avenue, two old chancery buildings have remained vacant ever since.
In 2010, the prime minister at the time authorized a $7 million loan secured by the National Bank of Pakistan in Washington for the maintenance and renovation of both buildings.
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By the end of 2012, approximately 60% of the R-Street property’s renovation and repair work had been completed, and after that, it was abandoned. However, the entire former embassy building was renovated.
The R-Street property’s diplomatic status was revoked in 2018, making it subject to local taxes.
The embassy paid $819,833 in taxes in 2019, and since then, $1.3 million has been owed in taxes.
This tax obligation would continue to rise at a rate of $100,000 per quarter. However, local authorities have stated that the outstanding tax obligation may be waived if the property is sold quickly.