Burkhan world investments, Uzbek businessman

A Pakistani embassy property in the US capital of Washington DC that has been put up for auction has likely gone to the highest bidder named Shahal Khan of Burkhan World Investments, according to a report in the Dawn.Khan is believed to have offered USD 6.8 million for the property. Burkhan World is based in Washington and claims to "invest in projects that it believes will have a positive impact on our society", the newspaper reported.In an emailed response to the Dawn newspaper, Devin Orrego Guevara, a representative for Burkhan World confirmed that the highest bid for the property was submitted by Shahal Khan.The diplomatic status of the property was revoked in 2018, which made it liable to pay taxes to Washington. In 2019 the embassy had paid USD 819,333 but there was an outstanding tax liability of USD 1.3 million. Further, this outstanding tax would increase by USD 100,000 per quarter, according to the Dawn report.Further, the newspaper report said that a Jewish group, which presumably wanted to build a synagogue at this site, submitted the 'second-highest bid', as reported earlier. The third bidder was an American investment company, which apparently employs US citizens of Indian origin as well.The Dawn reported quoting Pakistani media reports from November 30 that the Ministry of Foreign Affairs (MoFA) had informed Pakistan's cabinet that the Pakistan embassy in Washington is to be relocated to its present location in April 2003.And since then the two old chancery buildings, at 2201 R Street, have remained unoccupied.Although in 2010 then prime minister Yousaf Raza Gillani approved the repair by taking a secured loan of USD seven million from the National Bank of Pakistan in Washington. According to another Dawn report published on December 14, the R Street building was purchased by Ambassador Syed Amjad Ali between 1953 and 1956.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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International :Pakistan embassy property in US auctioned to "highest bidder": Report

A Pakistani embassy property in the US capital of Washington DC that has been put up for auction has ... ...