Financial Crisis In Pakistan: Pakistan is facing the brunt of the recession. The recent floods have shaken the economy of Pakistan. The situation has become so bad that Pakistan has had to take loans from China several times. Due to the economic condition not being right, Pakistan is now going to sell the properties of its country. Recently, an advertisement in Pakistan has made a lot of headlines.
Pakistan is going to sell its Embassy located in Washington. For this, the Pakistan government has also advertised in the newspaper. The cost of this building is said to be 5 to 6 million dollars.
Pakistani Newspaper Dawn Confirmed
An official of the Pakistani Embassy has confirmed to Dawn newspaper that this building is in the market. Pakistan officials have said that we are following due process for sale. The Embassy advertised the proposed sale in the newspapers, and several bids have already been made for the building. The official said it is still in the market, but no final decision has been made.
Posted On Social Media
The Embassy said it is consulting several people to assess what is best. Plans are made to do so after the building is sold or renovated. Posts have also been made on social media regarding these buildings. The post has shown both present and old buildings. The Embassy said that neither of these two buildings is for sale.
What Is The Opinion Of The Ambassador
According to Dawn, the former ambassador favours privately selling all vacant buildings. He said that we have already wasted a lot of money in maintaining these buildings for so long if we delay, it will become even more challenging to sell them. From the 1950s to the early 2000s, it was the defence wing of the Embassy.
